BusinessEthicsTheUltimateFinalStudyGuide

BusinessEthicsTheUltimateFinalStudyGuide - Business...

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Political Influence Advertising Public Relations Lobbying Regulations and Other Forms of Persuasion Political Process Voting Interest groups Contributions Interest Groups Not Buying Products Protests ptive: Government redirects resources to failing industries to foster growth of growing industries Normative: Government aids industries that wouldn’t survive other wise Social Regulations Economic Regulations Stable—No significant increase or decrease in agen Current Trend Change from regulation to deregulation; however, problems with deregulation could rever I ndustries Affected Examples ( In italics and underlines ) -Selected (Railroads, aeronautics, communications) -Civil Aeronautics Board -Federal Communications Commission Virtually all Industries Equal Opportunity 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 variables (entry, exit, prices, services) 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 II. 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: IV Privatization 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
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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
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-Regulation helps ensure -consumers and employees treated fairly -Environment Protected Federal Regulation (definition sort of…) 1. Has decision-making authority 2. Establishes standards or guidelines conferring benefits and imposing
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