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CH 6] Business 101 6-1

Chapter 6

Ethics & Social Responsibility

“You Cannot Multiply Wealth by Dividing it”
 You cannot legislate the poor into prosperity, by legislating the wealth
out of prosperity.
 You cannot multiply wealth by dividing it.
 The government cannot give to anybody anything that the government
does not first take from somebody else.
 Whenever somebody receives something without working for it,
somebody else has to work for it without receiving.
 When half the people get the idea that they do not have to work
because the other half is going to take care of them, and when the
other half gets the idea that it does no good to work, because
somebody else is going to get what they work for, this is the beginning 6
of the end for any nation.
Dr. Adrian Rogers, in 1984

Objectives
Master the material in this chapter and you will be able to:
1. Discuss the meaning and context of the Law of Nature and its innateness.

2. Explain the concept of “sustainability” in relation to the earth’s populations and
its resources.
3. There are many codes of conduct, right and wrong behavior. Explain two in
relation “abstain from all appearances of evil”.
4. Discuss the meaning of social responsibility as an accepted business policy.
5. Describe the concept of business ethics and the process by which management
makes ethical decisions.
6. Discuss government’s response to business that fails to self-regulate.
7. Define the impact of business's responsibilities to the general society.
8. Outline the development of the consumer movement and identify the rights of
consumers.
9. Outline the relationship of a business to its personnel and that of the personnel
to their employer.
10. Describe business's responsibilities to investors and the financial communities.

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