Objective 2.05
Understand responsible actions for
conducting business.
1
Common socially responsible
practices of businesses
Essential Question:
How do businesses determine if its
practices are socially responsible?
2
Common Socially Responsible
Practices of Businesses
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Socially responsible practices of
businesses include practices that positively
impact communities.
Common social responsibilities addressed:
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Environmental protection
Workplace diversity
Job safety
Employee wellness
3
Common Socially Responsible
Practices of Businesses continued
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Companies can contribute to environmental
protection by
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Implementing actions to conserve natural resources
Minimizing pollution of air and water resources
What is an example of an organization or action
that protects the environment?
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Environmental Protection Agency enforces and provides
standards for air and water quality.
Computer Manufacturing Company refurbishes
computers
4
Common Socially Responsible
Practices of Businesses continued
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Workplace diversity exists in a company
when the employees represent a variety of
groups including women, ethnic groups,
physically challenged, and older workers.
5
What is an example of an organization or
action that enforces workplace diversity?
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The American with Disabilities Act (ADA)
enforces regulations to accommodate people
with disabilities.
The Age Discrimination in Employment Act
protects employees of the age 40 and over from
employment decisions based on their age.
The Equal Employment Opportunity Commission
(EECOC) protects applicant and employees
against workplace discrimination.
Companies providing workforce diversity training
to employees.
Common Social-responsible
Practices of Business continued
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Job Safety is ensuring work
environments are risk-free of accidents.
What is an example of an organization or
action that enforces job safety?
7
What is an example of an organization or action
that enforces job safety?
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The Occupational Safety and Health
Administration (OSHA) gives surety to safe and
healthful working conditions for men and
women.
A company’s schedule cleaning of bathrooms
used by employees three times a day.
Employees who work in a plant that
manufactures chemical are required to wear
proper clothing to protect from skin irritations.
Common Socially Responsible
Practices of Businesses continued
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Employee Wellness programs are offered
by employers to maintain a healthy
workforce.
What are some examples of employee
wellness activities?
9
What are some examples of employee wellness
activities?
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Businesses today assist employees with
programs such as stop-smoking seminars,
counseling for employees with drug problems,
and weight-loss counseling.
Evaluation of Social Responsibility
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Benefits
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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.
Increase awareness of
social issues among
workers, consumers, and
others.
11
Evaluation of Social Responsibility
The costs of providing
social programs must
be realistic to allow a
business to earn a
profit.
12
Ethics
What is the purpose of business ethics?
• Business ethics address the conduct of
business and employees.
13
Ethics
Guidelines for responsible business conduct
addresses the following questions:
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Is the action illegal?
Does the action violate professional or
company standards?
Who is affected by the action and how?
14
Affording Social Responsibility
What percent a number is of another number?
1.
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Divide the part by the whole number, and then show the result
as a percent.
Example: $13,000 is what percent of $24,000? 54%
$13,000/$24,000 = 54%
What is the percent of a number?
2.
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Convert the percent to a fraction or decimal, and then multiply
it by the number.
Example: What is 15% of $13,000? $1,950
$13,000 * .15 = $1,950
Example: Proposed 3% increase
$13,000 * 1.03=$13,390