Social Responsibility
and
Business Ethics
and
Business Ethics
The duty of a business to contribute to the well-being of a community
What is Social Responsibility
Any business activity conducted that involves companies in one state.
What is Intrastate commerce?
Organization that supplies a service or product vital to all people in a community.
What is a Public Utility?
What are principles of morality or rules of conduct?
What are Ethics?
Refers to business dealings involving companies that do business in more that one state.
What is Interstate Commerce?
Exists when a business has control of the market for a product or service.
What is a Monopoly?
A natural resource that cannot be replaced when used up.
What is a Nonrenewable Resource?
Intangible property with no physical characteristics.
What is Intellectual Property?
Prevents unfair business practices such as false advertisement.
What are Antitrust Laws?
This happens when the environment is tainted with the by-products of human actions.
What is Pollution?
An agreement to exchange goods or services for something of value, usually money.
What is a contract?
Largest source of government revenue.
What is Income Tax?
The process of saving scarce natural resources.
What is Conservation?
An action by a company or individual that results in an unfair benefit.
What is Conflict of Interest?
The largest employer in the United States economy.
What is the Government?
These are rules about how businesses and their employees ought to behave.
What are Business Ethics?
A valid contract must contain this, and an acceptance must occur.
What is an Agreement?
A State or Local Tax on goods and services that is collected by the seller and given to the federal government.
What is Sales Tax?
Environmental Protection, Workplace Diversity, Job Safety, and Employee Wellness
What are the 4 main Social Responsibility issues?
Protects the creative work of authors, composers, and artists.
What is a Copyright?
This tax is a major source of revenue for local governments.
What is Property Tax?
The Government Agency that enforces and regulates work safety standards
What is OSHA?
A word, letter, or symbol linked with a specific company or product.
What is a Trademark?
This is a government survey that is conducted every 10 years.
What is the Census Report?