SOCIAL RESPONSIBILITY

SPECIFIC CONCERNS

• Environmental Protection
• Workplace Diversity
• Job Safety
• Employee Wellness

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

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

JOB SAFETY

• Workplace should be free from risks
• that could cause accidents
• OSHA oversees workplace safety

WELLNESS

EVALUATION

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

ETHICS

BIZ ETHICS

CODE OF ETHICS

ETHICAL CONDUCT

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

CONFLICT OF INTEREST

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GOVERNMENT LEVELS

FEDERAL GOV'T (NATIONAL)

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

STATE GOV'T

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

LOCAL GOV'T

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

GOVERNMENT

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

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

CONTRACT

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

INTELLECTUAL PROPERTY

INTELLECTUAL PROPERTY

PATENT

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

COPYRIGHT

• Protects the creator's work
• Life of the creator
• Plus 70 years after

TRADEMARK

• Word, letter, symbol, color
• Linked with a company, product

REGULATORS

UTILITY REGULATION

• Supplies vital services/products to nearly all
• Telephone
• Water
• Electricity

UNFAIR BUSINESS PRACTICES

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