Social Responsibility & Ethics
The duty of a business to contribute positively to society and balance profit with community welfare.
What is social responsibility?
What is the main role of government in business?
To regulate and protect consumers, workers, and the environment.
A person who has no permanent or full-time position, such as temporary or contract employees is what kind of worker?
Contingent Worker
Name two examples of environmental responsibility.
Conservation of resources and pollution prevention.
Distinguish interstate from intrastate commerce.
Interstate: crosses state lines
Intrastate: stays within one state
Name one major workforce trend in the U.S.
Aging Workforce
Increased diversity
Growth of service jobs
What federal law protects employees from unsafe work conditions?
OSHA...The Occupational Safety and Health Act.
A legally enforceable agreement between two or more parties is called a...
Contract
Name two examples of employee wellness programs.
Fitness memberships
mental-health support
smoking-cessation incentives
Rules about how businesses and employees should behave morally and legally is called...
Business ethics.
Name the four elements of a valid contract.
Agreement, consideration, capacity, legality
Hiring and promoting based on merit without discrimination is called:
Equal Opportunity
When personal gain interferes with professional judgment or company duty, we call this a...
Conflict of interest
Intellectual property is protected by law in 3 ways...
Patents, copyrights, trademarks
Which law prohibits age discrimination against workers over 40?
The Age Discrimination in Employment Act (ADEA)
These are restricted by law because they reduce competition and can exploit consumers.
Monopolies