Business, Workers and the Law
• Chapter 5.1 – P. 106
• Define Key Terms
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
In this section:
There are six areas of law that affect businesses. This section
discusses:
• Corporate Law
• Tax Law
• Intellectual Property Laws
• Consumer Law
• Commercial Law
• Licensing and Zoning Law
Copyright © Glencoe/McGraw-Hill
Slide 3 of 11
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
What You’ll Learn
• The six different kinds of laws that affect business operations.
• The advantages and disadvantages of setting up sole
proprietorships, partnerships, and corporations.
• How the FTC protects consumers from unfair business practices.
• The essential elements of contracts in business.
Copyright © Glencoe/McGraw-Hill
Slide 4 of 11
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
Why It’s Important
For businesses to succeed and avoid illegal activities, managers
must be familiar with the laws regulating business operations.
Copyright © Glencoe/McGraw-Hill
Slide 5 of 11
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
Key Terms
• regulations
• sole proprietorship
• partnership
• corporation
• income tax
• property tax
• patent
• trademark
• copyright
• contract
Copyright © Glencoe/McGraw-Hill
Slide 6 of 11
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
Three Kinds of Business Ownership
• Sole Proprietorships
• Partnerships
• Corporations
Copyright © Glencoe/McGraw-Hill
Slide 7 of 11
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
Tax Law
• Income Tax
• Property Tax
• Withholding Federal Taxes
Copyright © Glencoe/McGraw-Hill
Slide 8 of 11
• Consider this: Stan and Linda have a perpetual
garage sale business. They buy and sale used items,
like clothing, furniture, and tires, under an awning in
their front yard.
• What are you thoughts…
• What government regulations are probably being
violated?
• Do you believe the income tax that gives one third of
a corporations profits to the federal government is
fair?
• http://www.polleverywhere.com/multiple_choice_polls
/LTIxNDA5ODMyMjg
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
Intellectual Property Laws
• Patents
• Trademarks
• Copyrights
Copyright © Glencoe/McGraw-Hill
Slide 11 of 11
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
Consumer Law
Consumers are protected from unfair business practices by
government agencies.
• Federal Trade Commission
• Food and Drug Administration
Copyright © Glencoe/McGraw-Hill
Slide 12 of 11
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
Commercial Law
• Contracts
• Business Sales Contracts
Fig 2-1
Copyright © Glencoe/McGraw-Hill
Slide 13 of 11
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
Licensing and Zoning Law
1. Licensing limits and controls certain types of businesses.
2. Building codes regulate physical features or structures of
buildings.
3. Zoning regulates where businesses can be located in a
community.
Copyright © Glencoe/McGraw-Hill
Slide 14 of 11
• What do you think life would be like if
government did not regulate business in any
way?
GLENCOE
BUSINESS MANAGEMENT
Real-World Applications & Connections
Section
5.1
Laws that Regulate Businesses
Fact and Idea Review
1.
2.
3.
4.
5.
How can the government enforce its regulations against
businesses?
List three types of business ownership.
Why should businesses be concerned about taxes?
What kind of intellectual property law protects an invention? A
soft drink’s logo? A hit movie?
True or False: Consumer protection laws apply to both
individuals and businesses.
Copyright © Glencoe/McGraw-Hill
Slide 16 of 11
• In teams of 3, create a study guide using key
terms, legal definitions, and other vocabulary in
matching worksheets, crosswords, flash cards,
Headings into questions, and etc. We will share
them with the class.
Sec 5.2
Workers and The Law
• Write a paragraph predicting the relationship
between unions and business management.
• Union – groups of workers who collectively bargain for rights such as
higher wages and better working conditions.
• Must comply with laws
• Employee
• Manager
• Provide Benefits to Employees
•
•
•
•
•
•
•
Two column notes
Read/takes notes
Visual – draw, poster
Headings into questions
Take notes while reading
Graphic Organizer
Outline Chapter
• Do you think we need “Equal Employment Opportunity” laws?
• Predict what your current work environment would look like if
there were not any Health and Safety Laws.
• Social Security is good for all.
• Welfare is a necessary/positive part of our society.
• Unions are a essential part of the work force and we couldn’t
function without them?
• Keep it simple & organized –
• Simple thoughts with simple text and graphics
• Do not use too much text on a slide (6X6 Rule)
• No more that six words per line
• No more than six lines per slide
• Note: Use this simple format then “explain” during your
presentation instead of reading the slide to the group….boring!
•
•
•
•
Use a common color scheme throughout
PLENTY of time for audience to read
Do not have TOO MANY special effects
Watch using:
• Swivel – Very Long
• Sound effects – Normally NOT appropriate to use
• Form 11 teams – may have a few teams with three.
• Choose one of the following Acts.
• Assignment has been emailed to you.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Title VII of the Civil Rights Act of 1964
Age Discrimination in Employment Act
Americans with Disabilities Act
The Occupational Safety and Health Act
Fair Labors Standard Act
Social Security Act
Unemployment Insurance Laws
Employee Retirement Income Security Act
Workers Compensation Laws
Family and Medical Leave Act
National Labor Relations Act
• Chapter 5 Quiz
• Complete 5.2 Facts and Ideas Review P.129
• Answer “Think Critically” P. 130
• 9:45 – Video - Nike