Intro to BusinessIntro to BusinessChapter 4Chapter 4

Social Responsibility of Social Responsibility of Business and GovernmentBusiness and Government

4-1 Social Responsibility4-2 Government Protection Activities4-3 Government Regulation and Assistance

4-1 Social Responsibility4-1 Social ResponsibilitySocial Responsibility –

◦ Conservation, pollution; monitored by

EPA◦

Women, ethnic groups, physically challenged, older workers

◦ Monitored by OSHA

◦ Seminars, wellness programs, weight-loss

programs, sports team

4-1 Social Responsibility4-1 Social ResponsibilityBenefits

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Costs (Money for:)◦

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4-1 Social Responsibility4-1 Social ResponsibilityBusiness Ethics Terms

◦Ethics –

◦Business Ethics –

◦Code of Ethics –

◦Conflict of Interest –

4-2 Government Protection and ActivitiesRoles of Government

◦Provide services to _________◦________ citizens◦Regulate _______ and promote

_________◦Provide _____ and ______ to

businesses◦Buy ______ and _______◦Hire ______ employees◦Raise ________

4-2 Government Protection and ActivitiesLevels of Government

◦Federal Regulates foreign and interstate

commerce –

◦State Regulates intrastate commerce –

◦Local

4-2 Government Protection and ActivitiesGovernment Protection Activities

◦ Safety monitoring Discrimination laws

◦ Contract –

4-2 Government Protection and ActivitiesProtection of Intellectual Property

◦Patents –

◦Copyrights –

◦Trademarks –

4-3 Govt. Regulation and 4-3 Govt. Regulation and AssistanceAssistanceRegulatory Activities

◦Regulation of Public Utilities Public utilities -

◦Prevention of Unfair Business Practices Promotes fair competition Limits monopolies –

Passage of antitrust laws –

4-3 Govt. Regulation and 4-3 Govt. Regulation and AssistanceAssistanceGovernment Assists Business

◦ Census, Bureau of Labor Statistics (BLS),

Small Business Administration (SBA)

◦ 20% of all U.S. purchases made of

federal, state, and local governments

◦ 16% of U.S. workforce are public

employees

4-3 Govt. Regulation and 4-3 Govt. Regulation and AssistanceAssistanceGovernment Raises Money (Revenue)◦Taxes

◦Borrowing

◦Miscellaneous Sources