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Chapter-four
| Question | Answer |
|---|---|
| What is social responsibility? | The duty of a business to contribute to the well being of a community. |
| How might a business show social responsibility? | Proctect the environment, minorities and women in the workplace, employment of the physically challenged and older workers, and a healthy and safe working environment. |
| What is a non-renewable resource? Name an example. | A natural resource that cannot be replaced when used up. Examples: Oil, gas, copper, and iron ore. |
| What is pollution, and what do businesses do to take action against pollution? | When the environment is tainted with the by products of human actions. They design new equipment, and set standards for water and air quality. |
| What is conservation? | A saving of scarce natural resources. |
| What is the main challenge in a diverse workforce? | Finding new ways to manage a work force made up of the diverse cultures in society. |
| What are some of the comman benefits of socially 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, Increased awareness of social issues among workers, consumers, and others. |
| What are Ethics? | Principles of morality or rules of conduct. |
| What are Business ethics? | Rules about how businesses and their employees ought to behave. |
| What are code of ethics? | A set of rules for guiding the actions of employees or members of an organization. Address topics such as confidentiality of business information. |
| What is a contract? | An agreement to exchange goods or services for something of value, usually money. |
| What is a patent? | A license that gives the inventor the sole right to make, use, or sell the item for seventeen years. |
| What does a copyright do? | Protects the creative work of authors, composers, and artists. |
| What is a trademark? | A word, letter, or symbol linked with specific company or product. |
| What is a public utility? | An organization that supplies a service or product vital to all people. |
| What is a monopoly? | When a business has control of the market for a product or service. |
| What is a antitrust law? | A law that prevents other unfair business practices such as false advertising. |
Created by:
stephhansen
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