Student Name
3/22/2016
Warman/7
Principles of Business, Marketing & Finance
Chapter 4 Study Guide
Instructions: Cut & Paste the Vocabulary Words that fit the sentence…
1. Factories that have unsafe working conditions, treat workers
badly and pay poorly are called…
2. In business I may be tempted to put profits before what is
right, like having a sweatshop in Asia so I can produce my
goods cheap. This temptation is called a…
3. It is a law that men and women be paid the same for doing
equal work. The law was passed in 1964…
4. Many businesses and professionals like doctors, lawyers, lawenforcement take oaths that state they will follow a strict set of
guidelines. These oaths are called a…
5. My advertising and labels on my products need to be truthful
or I may get in trouble by the…
6. Since 1970, the government agency that enforces rules to
protect the environment like controlling pollution is the…
7. The U.S government has agencies to help protect society.
These agencies can issue fines or place charges against you
that may put you in jail. The agency which checks on health
and safety is…
8. There are actually laws about what a business can and cannot
do…
9. When I decide to “do the right thing either personally, socially
or professionally, I am exercising good…
10. When I have my business look out for the good of society like
recycling or not polluting I am exercising my…
ethics
business ethics
sweatshops
Occupational Safety and Health Administration
code of ethics
social responsibility
conflict of interest
Food and Drug Administration
Equal Pay Act
Environmental Protection Agency
Google “business ethics in the news”, briefly describe one article:
Google “top 10 social responsibility”, find a company that is either very good or very bad
at being socially responsible and briefly describe their good or bad efforts. Be prepared
to share briefly with the class.
If you owned your own business, what would you do to make your business be “socially
responsible”?