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Intro To Business, Ch.4

Published on Nov 18, 2015

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PRESENTATION OUTLINE

SOCIAL RESPONSIBILITY

DUTY OF BIZ TO CONTRIBUTE TO THE WELL-BEING OF COMMUNITY

SPECIFIC CONCERNS

  • Environmental Protection
  • Workplace Diversity
  • Job Safety
  • Employee Wellness
Photo by marsmet526

ENVIRONMENTAL PROTECTION

  • Conservation > saving scarce nat resources
  • Renewable vs Non-Reneweable resources
  • Pollution > environment tainted with by-products
  • From human activities/actions
  • Enforced by the EPA
Photo by DonkeyHotey

WORKPLACE DIVERSITY

  • The workforce should reflect the community
  • All members should have equal access...
  • Includes women, ethnic groups, challenged workers
  • Laws have been developed to ensure fairness
  • ADA > accommodations for those physically challenged
Photo by angela7dreams

JOB SAFETY

  • Workplace should be free from risks
  • that could cause accidents
  • OSHA oversees workplace safety
Photo by Andrey Zhukov

WELLNESS

A HEALTHY WORKFORCE IS A PRODUCTIVE WORKFORCE
Photo by alliekenny

EVALUATION

SOCIAL RESPONSIBILITY CAN CAUSE CONTROVERSY

COMMON BENEFITS OF S.R.

  • Justice for groups in society
  • Enhanced company image
  • Reduced need for gov't action
  • Improved quality of life
  • Increased awareness of social issues

COSTS ($$$) OF S.R.

  • New or safer equipment
  • Building repairs-remove risks
  • Wellness & Rehab programs
  • Social projects sponsored by the company
Photo by Truthout.org

ETHICS

GUIDELINES FOR GOOD BEHAVIOR

BIZ ETHICS

HOW A BUSINESS/EMPLOYEES AHOULD BEHAVE

CODE OF ETHICS

SET OF RULES TO GUIDE THE ACTIONS OF EMPLOYEES
Photo by David Reeves

ETHICAL CONDUCT

  • Is the action legal?
  • Does the action violate standards?
  • Who is affected by the action & how?
Photo by marsmet526

CONFLICT OF INTEREST

WHEN AN ACTION RESULTS IN AN UNFAIR BENEFIT
Photo by Perfectance

PAGE 79

GUIDELINES FOR WRITING A CODE OF ETHICS
Photo by Glutnix

GOVERNMENT LEVELS

FEDERAL GOV'T (NATIONAL)

  • Oversees all INTERstate commerce
  • involving more than one state
  • Also oversees all foreign commerce
  • involving other countries
Photo by ajagendorf25

STATE GOV'T

  • Oversees all INTRAstate commerce
  • within it's own borders
  • Assigns some powers to local gov'ts
Photo by rsmithing

LOCAL GOV'T

  • Includes county boards & city councils
  • Provide svcs for orderly society
  • i.e. Police, Fire protection

GOVERNMENT

AND THE ROLES THEY PLAY
Photo by wbeem

GOVERNMENT ASSISTANCE

  • Gov't buys G+S
  • Is the largest consumer in the world
  • Gov't employs workers

GOV'T RAISES MONEY

  • Gov't income > REVENUE
  • Taxes
  • Borrowing
Photo by saturnism

TAXES

  • Income > based on personal income
  • Corp Income > based on business profits
  • Property > based on value of land, buildings
  • Used to pay for schools, parks, police--local services
  • Sales > state/local tax on G+S collected by the seller

GOVERNMENT PROTECTION

  • Worker protection
  • Contract enforcement
Photo by jenny downing

CONTRACT

AN AGREEMENT TO EXCHANGE G/S FOR SOMETHING OF VALUE
Photo by Filippo C

CONTRACT BASICS

  • AGREEMENT > on what will be exchanged, price
  • COMPETENT PARTIES > legal age, mentally competent
  • CONSIDERATION > an item may have different values
  • LEGALITY > to be upheld, the agreed upon item must be legal
Photo by deqalb

INTELLECTUAL PROPERTY

PROTECTION OF INTANGIBLE, VALUABLE ITEMS
Photo by Cayusa

INTELLECTUAL PROPERTY

PATENT

  • Gives the inventor the right
  • Make
  • Use
  • Sell
  • Protected item for 20 years
Photo by mr172

COPYRIGHT

  • Protects the creator's work
  • Life of the creator
  • Plus 70 years after
Photo by Leo Reynolds

TRADEMARK

  • Word, letter, symbol, color
  • Linked with a company, product
Photo by Leo Reynolds

REGULATORS

GOVERNMENT INVOLVEMENT IN BUSINESS

UTILITY REGULATION

  • Supplies vital services/products to nearly all
  • Telephone
  • Water
  • Electricity
Photo by Keoni Cabral

UNFAIR BUSINESS PRACTICES

  • Monopoly
  • Exists when a business has complete control
  • Anti-trust laws
  • Promote competition & fairness > avoid monopolies
Photo by Leo Reynolds