BusinessEthicsTheUltimateFinalStudyGuide

BusinessEthicsTheUltimateFinalStudyGuide - Political I nf...

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Unformatted text preview: Political I nf luence Adver tising Public Relations Lobbying Regulations and Other For ms of Persuasion Political Process Voting I nt erest groups Contr ibutions I nt erest Groups Not Buying Products Prot ests ptive: Gover nment redirects resources t o failing industr ies t o foster growth of growing industr ies Nor mative: Gover nment aids industr ies that wouldn’t sur vive other wise Social Regulations Economic Regulations Stable—No significant increase or decrease in agen Cur r ent T r end Change from regulation t o deregulation; however, problems with deregulation could rever I ndustr ies Affected Examples ( I n italics and underlines )-Selected (Railroads, aeronautics, communications)-Civil Aeronautics Board-Federal Communications Commission Vir tually all I ndustr ies Equal Oppor tunity Commission Occupational Safety and Health Administration Consumer Product Safety Commission Environmental Protection Agency People in their roles as employees, consumers and citizens Focus Market conditions, economic var iables (entr y, exit, pr ices, ser vices) Business Ethics (The Ultimate) Final Study Guide Chapter 10: Business, Government, and REGULATION! I. A Clash Of Ethical Belief systems-Individualistic ethic of business vs the collectivist ethic of government I I. Interaction among Business, Government and the Public I I I. Industrial Policy Industrial Policy- Any selective government measure that prevents or promotes changes in the structure of the economy. Debate: I V P rivatization Privatization-A function or service handled by government turned over to business Providing vs. Producing a Service Provide- Government has a program and actually pays for a service Produce- Governments has its own employees who do it Privatization Debate 1. For Privatization-Functions of Government must be outside of private sector-Say gov’t is involved in business has no advantage or reason to be in-Say Publicly owned enterprises are less efficient 2. Against Privatization-Certain activities only safely handled by gov’t (Like airport Security, used to be private not anymore!) HOW GOVERNMENT INFLUENCES BUSINESS 1. Use of subsidies - Like agriculture, fishing, nuclear energy and housing to minorities (???) 2. Government Paying Citizens – Welfare, social security, and other entitlement programs 3.Government is a Competitor- In areas like health education, recreation, security and delivery service 4. Government Loans and loan guarantees- lend money to certain businesses at lower rates than private competitors (small business, housing providers, farmers, energy companies) 5. Government Taxes!- Tax deductibility, tax incentives, deprecation policies, and tax credits 6. Monetary Policy- How much money is worth 7. Moral Suasion- President Attempt to influence business to act in publics interest Government’s Regulatory influence on business-Affects production of goods, packaging, distribution, marketing and service-Regulation helps ensure -consumers and employees treated fairly...
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This note was uploaded on 04/20/2008 for the course B A 242 taught by Professor Mr.scheib during the Summer '08 term at Penn State.

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BusinessEthicsTheUltimateFinalStudyGuide - Political I nf...

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