Social Responsibility
What is the term for businesses taking actions that benefit society and the environment?
What is social responsibility?
What type of investment might businesses face when implementing social responsibility initiatives?
What is initial investment?
What is the government's primary role in protecting consumers and businesses?
What is enforcing laws and regulations?
What is the legal protection for inventions called?
What is a patent?
What is one way the government regulates essential services like electricity?
What is through regulation of utilities?
What practice involves businesses creating inclusive workplaces by hiring from diverse backgrounds?
What is workplace diversity?
Social responsibility can lead to increased scrutiny from which entity?
What is the government?
What are the three levels of government involved in business regulation?
What are federal, state, and local governments?
What term describes symbols or names that identify a company's products?
What is a trademark?
Which government agency helps small businesses with loans and training?
What is the Small Business Administration (SBA)?
What government agency is responsible for ensuring workplace safety?
What is OSHA (Occupational Safety and Health Administration)?
Small businesses may struggle to keep up with larger competitors due to what issue?
What are competitive disadvantages?
What law ensures safe working conditions for employees?
What is the Occupational Safety and Health Act?
True or False: Copyright protects ideas, not the expression of those ideas.
What is true?
How does the government typically raise money for public services?
What is through taxes?
Name one benefit of implementing social responsibility initiatives in business.
What is improved reputation?
True or False: Costs associated with social responsibility always result in immediate financial loss.
What is false?
What is the difference between criminal and civil cases in business?
What is criminal cases involve prosecution for violating laws, while civil cases involve disputes between businesses or individuals?
What is a common consequence for infringing on someone’s intellectual property?
What are legal penalties or lawsuits?
What type of business practice does the government prevent to ensure fair competition?
What is unfair business practices?
What is a code of ethics?
What is a set of principles guiding ethical conduct in business?
Name one cost of social responsibility that can be considered an investment in long-term success.
What are employee wellness programs?
What type of legal protection is given to original works of authorship?
What is copyright?
Which type of intellectual property protection lasts for a limited time and grants the inventor exclusive rights?
What is a patent?
True or False: The government is only involved in regulating businesses and not in providing assistance.
What is false?