A | B |
Non-Profit's income | income is generated, but it goes back into the organization |
FTC | enforces consumer protection laws and trade regulations in the US |
Ben & Jerry's | A socially responsible FOR PROFIT company that donates a lot of $ |
Ethics | guidelines for good behavior |
Role as a Regulator | GOv't makes laws to protect consumers, workers, and businesses |
OSHA | agency responsible for work place safety issues |
EPA | agency responsible for keeping bad things out of the environment like certain pesticides |
What EPA protects | human health and water and air pollution |
socially responsible | A company that commits some of its income to help the community is this |
Federal Reserve Board | Controls monetary supply |
Price gouging | pricing products unreasonably high during a crisis |
Whistleblowing | reorting illegal acts of an employer |
Three branches of government | executive, legislative, and judicial |
Ad Council | Nonprofit organization that helps produce public service advertising |
Better Business Bureau | Organization that set up self regulation |
Governemnt's Role as a Regulator protecting workers | Setting minimum wage |
Federal Communications Commission | Sets standards for the broadcast industry |
Social responsibility and ethics | topics that have become important to business due to corporate scandals |
Robinson Patman Act | Prevents price discrimination |
Predatory Pricing | Underpricing of a product to put competitors out of business |
Clayton Antitrust Act | Covers mergers and acqisitions |
Department of Homeland Security | Protects our borders, disaster recovery and airport security |
FDA | Regulates labeling of cosmetics and pharmaceuticals |
SEC | Regulates sale of stocks and bonds |
Federal Reserve System | Monitors the economy and controls money supply |
Distribution Law | Illegal to sell tobacco/alcohol to minors |
USDA | Provides inspection, grading, and certification of meat |
FTC | Responsible for investigating deceptive business practices |