Vocab
A factory where workers are paid low wages, while working under poor
Sweatshop
If you lie to a friend, is this
a) illegal and unethical
b) legal and ethical
c) illegal but ethical
d) legal but unethical
d) legal but unethical
How does a business shows social responsibility to . . . employees?
Offer safe working conditions, equal treatment, fair pay, provide work experience to unskilled, volunteer employees for charity, benefits offered
This organization sets and enforces work-related health and safety regulations.
Give initials and what it stands for.
OSHA
OSHA Occupational Safety & Health Administration
Who is the current principal at CGHS?
Mr. Bayer
Moral principles by which people conduct themselves.
Ethics
True or False?
Ethical obligations typically exceed legal duties.
True
How does a business shows social responsibility to . . . society or the environment?
Biggest issues is environmental responsibility - protect environment, control pollution, examples such has properly recycles
This ensures that everyone is compensated the same for doing the same amount of work
Equal Pay Act
who won
what was the score OR where was it played?
The Kansas City Chiefs beat the San Francisco 49ers by a score of 31-20 at Hard Rock Stadium in Miami Gardens, Florida on February 2, 2020.
Your self-interests and professional obligations are different.
Conflict of interest
Give an example of a conflict of interest.
Definition: a conflict between self-interest and professional obligations.
Abortion - if you do not believe it is right to do, you should not be a doctor.
What is the definition of social responsibility?
A business’ duty to do what is best for society
This law was enacted to ban businesses from discriminating against people with physical or mental disabilities
ADA
Americans with Disabilities Act
What is my first name?
Veronica
Set of guidelines for maintaining ethics in the workplace.
Code of ethics
Describe the conditions of a sweatshop.
A factory or workshop (usually clothing industry) where manual workers are employed at extremely
low wages for long hours and under poor conditions.
Companies try to cut costs by finding places with the lowest wages and human rights protection.
How does a company show its social responsibility to its customers?
Offer good, safe product at reasonable price (FTC), fair competition-not conspire with other companies to control the market
This law was passed in the later 1990s after the Enron scandal to ensure more accurate accounting records (more truthful reporting).
SOX Sarbanes Oxley Act
What is a score of zero called in tennis?
LOVE
This agency was enacted in 1970, creating and enforcing laws regarding pollution and carbon emissions and protecting the environment
EPA
Environmental Protection Agency
A company that conducted a series of misleading, fraudulent activities, published false or deceptive financial statements or an accounting firm accused of applying reckless standards to collect big consulting fees.
Companies: Enron, Worldcom, Tyco
Accounting Firm: Arthur Andersen
How does a business shows social responsibility to . . . owners and creditors?
To keep accurate accounting records
(ENRON-Anderson-> SOX Sarbanes-Oxley Act).
IF not, harmful to creditors (loan money), shareholders (invest)
Protects consumers. Its principal mission is the promotion of consumer protection and the elimination and prevention of anticompetitive business practices, such as coercive monopoly protects consumers from dangerous or falsely advertised products
Federal Trade Commission
List the days of each of the following holidays, in alphabetical order...
Memorial Day
Thanksgiving Day
Christmas Day in 2020
Friday-Christmas Day
Monday-Memorial Day
Thursday-Thanksgiving