Chapter 4-Social Responsibility of Bus. & Gov.

How are trademarks used?

A trademark is a word, letter, or symbol linked with a specific company or product. Many trademarks have a logo.

Why does the government have taxes?

A government creates tax policies to pay for the services it provides. Taxes are levied on earnings, the value of property, and on sale price of goods and services.

Why is employee wellness important in the work place?

A healthy workforce is a productive workforce. Workers who have good physical health are valuable assets. Many companies offer programs to promote good health.

How are patents used?

A patent gives the inventor the sole right to make, use, or sell the item for 20 years.

How many workers are government employed workers?

About 16% of workers are public employees.

How do contract enforcements affect businesses?

An agreement, competent parties, consideration, and legality are the basis for many legal disputes. A contract is an agreement to exchange goods or services for something of value, usually money.

How do regulatory activities affect businesses?

Business activity in the US is structured as a private enterprise or free market system.

What do code of ethics address? What are some examples of ethical dilemmas?

Codes of ethics address topics such as confidentiality of business information. Some examples of ethical dilemmas are: Should a company expand into a profitable market in a country where doing business requires giving expensive gifts to government officials? And Should a company continue to produce a popular product after it discovers a minor defect in it?

How are copyrights used?

Copyrights protect the creative work of authors, composers, and artists. Copyrights last for the life of the person and 70 years after they die.

What are the most common legal systems?

Criminal case is brought for violations of criminal laws. Civil cases typically have a plaintiff who asks the courts to take action against a defendant.

Why is Environmental Protection important to our society?

Environmental Protection is important in our society because if our environment was not protected, then we would use all of our non-renewable and renewable resources.

What are some common benefits of social responsible activities?

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, and increased awareness of social issues among workers, consumers, and others.

Where does money get borrowed from?

Government borrows money by selling bonds. When you buy a government bond, you are helping to fund the services funded by government.

How does the government assist businesses?

Government helps businesses by collecting and reporting valuable information. Data gathered by the government can help with planning.

How does the government raise money?

Government must have a way to raise money to fund the operations and pay wages to workers. Government income is called revenue.

Why does the government buy goods and services?

Government spends a great deal of money each day to buy an array of products and services. Governments buy everything from filing cabinets to military jet aircraft. It is a key economic force.

What are the levels of government and how do they work?

Interstate commerce is business dealings involving companies in more than one state. Intrastate commerce refers to business dealings involving companies that do business in only one state.

What are some of the Ethical Conduct Guidelines when considering the ethics of business situations?

Is the action legal? Does the action violate professional or company standards? Who is affected by the action and how?

How do ethics and business ethics differ?

Money must be spent for new non-polluting or safer equipment, for building repairs to remove risks, for wellness and rehabilitation programs, and for social projects sponsored by a company.

What are the costs involved when a business takes socially responsible actions?

Money must be spent for new non-polluting or safer equipment, for building repairs to remove risks, for wellness and rehabilitation programs, and for social projects sponsored by a company.

How do you prevent unfair business practices?

Most business people are fair and honest. Government attempts to promote fair competition by regulating prices, monopolies, and antitrust laws.

How are regulations of utilities used?

Most goods and services you use come from private businesses. These businesses are for the most part free of government regulation.

What does intellectual property consist of?

Patents, copyrights, and trademarks

How does job safety play a role in the workforce?

People are able to work in an office or factory free from risks that could cause accidents. The work environment provides full protection from fire and other hazards.

What are the roles of government?

Providing services for members of society Protecting citizens, consumers, business, and workers Regulating utilities and promoting competition Providing information and supporting to businesses Buying goods and services Hiring public employees Raising revenue

What are a few worker protections?

Race, religion, sex, or age.

How does Social Responsibility Evaluations affect businesses?

Socially responsible actions can cause controversy. While a number of benefits exist, these actions also have various costs.

Why are social responsibility issues important to businesses?

The responsibility issues are important to businesses because a business must weigh the interests and concerns of many groups.

What are examples of government protection activities?

Worker Protection Contract Enforcement Legal System

How does workplace diversity affect businesses?

Workplace diversity affects businesses by helping the roles of women, ethnic groups, physically challenged, and older workers. Members of these groups must have equal access to education, training, jobs, and career advancement.

How does government society play a role in economics and businesses?

Your role as a citizen and voter has an effect on the decisions and actions taken by government. The role of government in the economy often changes as newly elected officials take office.