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Chapter 4

Chapter 4 . Ethics and Social Responsibility. What are Ethics ???. What YOU believe is right or wrong These decisions are based on ethics Set of Moral principles or vales that govern behavior http://www.youtube.com/watch?v=wRT62J80iyI. Code of ethics .

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Chapter 4

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  1. Chapter 4

    Ethics and Social Responsibility
  2. What are Ethics ??? What YOU believe is right or wrong These decisions are based on ethics Set of Moral principles or vales that govern behavior http://www.youtube.com/watch?v=wRT62J80iyI
  3. Code of ethics A document that outlines the principles of conduct to be used in making decisions Basically telling you what is RIGHT and what is WRONG!!!
  4. Dealing with Ethical dilemmas Your boss informs you that your friend is going to be fired– your friend is about to buy a house…should you inform him? Your colleague has been violating your companies code of ethics—by accepting expensive gifts from the salesman. Do you report him- -
  5. Sarbanes – Oxley (2002) Regulates accounting practices in the U.S. 2001 Enron used Mark-to-Market Accounting (Mr. Keeton will explain) This gave birth to S-O---
  6. What laws help guide Ethics? Sarbanes – Oxley ADA Discrimination laws Tell me more
  7. Important Act that influence Ethics The Sherman Act- 1890 Abolished monopolies
  8. The Clayton Act (1914) Makes it illegal to charge different prices to wholesalers For example steel producers cannot charge GM a different price than it does Ford This makes it so you cannot require consumers to purchase secondary items For example when you buy a computer you do not have to buy the software as well.
  9. The Wheeler –LEA Act (1938) Bans unfair or deceptive practice False advertising
  10. Consumer Protections Food and Drugs – FDA protects against many foods and drugs Consumer Products Consumer Product Safety Commission (CPSC) (1972) Make sure products are safe Conduct recalls Credit Card Credit Card Act (2010) Protect consumers against high interest rates and charges
  11. Environmental Protections
  12. The national environmental policy Act 1969 Was created by the EPA to conserver human life, land, water, and air.
  13. The clean Air Act of 1970 This act regulates air emissions (mainly from vehciles. This act deals with the following for all 50 states Acid rain Ground level ozone Ozone depletion Toxic substances in the air
  14. The Clean Water Act of 1977 This gives the EPA authority to control and monitor clean water standards in the united states.
  15. In addition to notes Research 5 consumer protection agencies and a brief description of what they do. 5 Environmental Agencies and a brief description of what they do.
  16. Social Responsibility The obligation an individual or company has to solve social problems What are some Example? ? ? Corporate Responsibility Did you know? ? ? Corporate Responsibility
  17. Assignment for the day- - - - - - Research two articles One giving an example of social responsibility One giving an example of Social Irresponsibility
  18. Examples Social Responsibility
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