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Chapter 6 Businesses and the Law

AB
Non-Profit's incomeincome is generated, but it goes back into the organization
FTCenforces consumer protection laws and trade regulations in the US
Ben & Jerry'sA socially responsible FOR PROFIT company that donates a lot of $
Ethicsguidelines for good behavior
Role as a RegulatorGOv't makes laws to protect consumers, workers, and businesses
OSHAagency responsible for work place safety issues
EPAagency responsible for keeping bad things out of the environment like certain pesticides
What EPA protectshuman health and water and air pollution
socially responsibleA company that commits some of its income to help the community is this
Federal Reserve BoardControls monetary supply
Price gougingpricing products unreasonably high during a crisis
Whistleblowingreorting illegal acts of an employer
Three branches of governmentexecutive, legislative, and judicial
Ad CouncilNonprofit organization that helps produce public service advertising
Better Business BureauOrganization that set up self regulation
Governemnt's Role as a Regulator protecting workersSetting minimum wage
Federal Communications CommissionSets standards for the broadcast industry
Social responsibility and ethicstopics that have become important to business due to corporate scandals
Robinson Patman ActPrevents price discrimination
Predatory PricingUnderpricing of a product to put competitors out of business
Clayton Antitrust ActCovers mergers and acqisitions
Department of Homeland SecurityProtects our borders, disaster recovery and airport security
FDARegulates labeling of cosmetics and pharmaceuticals
SECRegulates sale of stocks and bonds
Federal Reserve SystemMonitors the economy and controls money supply
Distribution LawIllegal to sell tobacco/alcohol to minors
USDAProvides inspection, grading, and certification of meat
FTCResponsible for investigating deceptive business practices


Marketing Educator/DECA Advisor
Frankfort High School
Frankfort, IN

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