Social Responsibility of Business and Government

Transcription

1 SLIDE 1 C H A P T E R 4 Social Responsibility of Business and Government 4-1 Social Responsibility and Business Ethics 4-2 Government Protection Activities 4-3 Government Regulation and Assistance

2 4-1 Social Responsibility and Business Ethics Goal 1 Describe social responsibility issues. Goal 2 Identify benefits and costs of social responsibility. Goal 3 Explain the purpose of a code of ethics Cengage Learning. All Rights Reserved. SLIDE 2

3 KEY TERMS SLIDE 3 social responsibility non-renewable resource ethics business ethics code of ethics

4 SOCIAL RESPONSIBILITY ISSUES SLIDE 4 Environmental protection Workplace diversity Job safety Employee wellness

5 Checkpoint SLIDE 5 What are four areas of social responsibility that may require the attention of business? Environmental protection Workplace diversity Job safety Employee wellness

6 SOCIAL RESPONSIBILITY EVALUATION SLIDE 6 Benefits Expanded justice for groups of a society Enhanced company image Reduced need for government actions Improved quality of life in a community and around the world Increased awareness of social issues among workers, consumers, and others

7 SOCIAL RESPONSIBILITY EVALUATION Costs New nonpolluting or safer equipment Building repairs to remove risks Wellness and rehabilitation programs Social projects sponsored by a company SLIDE 7 (continued)

8 Checkpoint SLIDE 8 What are the main benefits of social responsibility? Expanded justice for groups of a society Enhanced company image Reduced need for government actions Improved quality of life in a community and around the world Increased awareness of social issues among workers, consumers, and others

9 BUSINESS ETHICS SLIDE 9 Code of ethics Ethical conduct guidelines Is the action legal? Does the action violate professional or company standards? Who is affected by the action and how?

10 GUIDELINES FOR WRITING A CODE OF ETHICS SLIDE Determine the purpose of the code. 2. Tailor the code to the needs and values of the organization. 3. Consider involving employees from all levels of the company in writing the code. 4. Determine the rules or principles that all members of the organization will be expected to adhere to. 5. Include information about how the code will be enforced. 6. Determine how the code will be implemented and where it will be published or posted. 7. Determine how and when the code will be reviewed and revised.

11 Checkpoint SLIDE 11 What is the purpose of a code of ethics? The purpose of a code of ethics is to guide actions and decisions of employees or members of an organization.

12 4-2 Government Protection Activities Goal 1 Identify the roles and levels of government. Goal 2 Explain the role of government protection and the legal system in business. Goal 3 Describe types of intellectual property Cengage Learning. All Rights Reserved. SLIDE 12

13 KEY TERMS SLIDE 13 contract patent copyright trademark

14 GOVERNMENT IN SOCIETY SLIDE 14 Government plays a role in all economic systems.

15 ROLES OF GOVERNMENT SLIDE 15 Providing services for members of society Protecting citizens, consumers, businesses, and workers Regulating utilities and promoting competition Providing information and support to businesses Buying goods and services Hiring public employees Raising revenue

16 LEVELS OF GOVERNMENT SLIDE 16 Federal government State government Local government

17 FEDERAL GOVERNMENT SLIDE 17 Oversees the activities that involve two or more states or other countries. Regulates foreign and interstate commerce

18 STATE GOVERNMENTS SLIDE 18 Regulate business actions within their own borders Assign some of their legislative power to local governments

19 LOCAL GOVERNMENTS SLIDE 19 Include county boards and city or town councils Provide services needed for an orderly society, such as police and fire protection

20 Checkpoint SLIDE 20 What are the three levels of government? Local State Federal

21 SLIDE 21 GOVERNMENT PROTECTION ACTIVITIES Worker protection Contract enforcement

22 CONTRACT BASICS SLIDE 22 Valid, enforceable contracts must contain: Agreement Competent Parties Consideration Legality An offer must be made, and an acceptance must occur. Those entering into the contract must be of legal age and must be mentally competent. Something of measurable value must be exchanged by the parties involved. The contract must be for a product or service that may be legally sold; also no fraud or deception exists in the agreement.

23 Checkpoint SLIDE 23 What are the main elements of a contract? Agreement Competent parties Consideration Legality

24 PROTECTION OF INTELLECTUAL PROPERTY SLIDE 24 Patents Copyrights Trademarks

25 Checkpoint SLIDE 25 What are three types of intellectual property? Patents Copyrights Trademarks

26 4-3 Government Regulation and Assistance Goal 1 Explain actions by government to regulate business. Goal 2 Discuss efforts of government to assist businesses. Goal 3 Identify methods used by government to raise money Cengage Learning. All Rights Reserved. SLIDE 26

27 KEY TERMS SLIDE 27 public utility monopoly antitrust laws

28 REGULATORY ACTIVITIES SLIDE 28 Regulation of utilities Prevent unfair business practices

29 Checkpoint SLIDE 29 Why does government regulate utilities? Reasons for government regulation of utilities might include the assurance of fair prices, the conservation of resources, and to avoid overcrowding of utility poles and other facilities, such as power plants.

30 GOVERNMENT ASSISTS BUSINESS SLIDE 30 Government buys goods and services Government employs workers

31 Checkpoint SLIDE 31 How does government assist business? The government assists businesses in a variety of ways, including providing demographic data, buying goods and services, and employing workers who then have the means to buy goods and services.

32 GOVERNMENT RAISES MONEY SLIDE 32 Taxes Borrowing

33 Checkpoint SLIDE 33 What is the difference between tax revenue and borrowing by government? Tax revenue is money the government collects to cover the costs of services. This is money that the government is not required to pay back. The government is required to pay back money borrowed.