About This Chapter
Business, Government & Society - Chapter Summary
Everyday human activity relies on the interactive relationship among business, government and society. From the products we buy to the roads we drive, each element of the relationship contributes to everyday life. In these lessons, professional instructors review the non-regulatory effects of government, how business strategies directly impact government action, and other related topics. After completing the chapter, you should be able to:
- Recount powers of the Federal Trade Commission
- Outline the purpose of the Securities & Exchange Commission
- Discuss government-business relations on a global scale
- List pros and cons of a business participating in politics
- Explain the purpose and role of a public affairs department
- Detail the influence of business on advisory panels
- Recall the basics on business strategies for influencing government
The engaging video lessons in this chapter delve into the relationship among business, government and society. Take the lesson quizzes for self-assessment and feel free to contact our experts with any questions. You can even print the quizzes as worksheets to study offline.
1. Federal Trade Commission: Powers, Principles & Provisions
Consumers can be preyed upon by unethical businesses. The Federal Trade Commission (FTC) was developed to protect consumers against fraudulent business practices. In this lesson, you'll learn about the powers, principles and provisions of the FTC.
2. The Securities & Exchange Commission: Definition, History & Purpose
The accounting industry is regulated by several organizations. Each of these were created by the Securities and Exchange Commission. In this lesson, you will learn the definition, history, and purpose of the SEC.
3. Government-Business Relations in Global Business
Government-business relations have an impact on international businesses. In this lesson, we will discuss how businesses can work collaboratively with governments and the civil sector to address global issues.
4. Businesses' Political Participation: Pros, Cons & Tactics
Businesses need to actively participate in the political process to protect their vested interests. In this lesson, we will cover the pros, cons and tactics of companies partaking in political participation.
5. Public Affairs Departments in Businesses: Role & Functions
Corporations need to be able to monitor legislation, participate in regulatory discourse and support their stakeholders. In this lesson, you will learn how public affairs departments in businesses are able to accomplish these tasks and more.
6. Business' Influence on Advisory Panels & Committees
Business' influence on advisory panels and committees help determine whether proposed regulations are viable or need changes. In addition, there are additional benefits that businesses acquire when offering support to Congress on regulations.
7. Business Strategies for Influencing Congress & Regulatory Agencies
In this lesson, you will learn business' strategies for influencing Congress and regulatory agencies are campaign contributions, lobbying and grassroots lobbying.
8. Businesses' Strategies: Information, Societal, Political & Legal
Businesses have to influence their stakeholders to support organization objectives. They can accomplish this by utilizing informative, societal, political and legal strategies through various tactics. Learn about these strategies and more in this lesson.
9. Business, Government & Society: Interactions and Influences
Business, government, and society interact and influence each others' specific objectives and goals. In this lesson, you will learn the three different models that can impact how they influence each other.
10. Government's Non-Regulatory Influence on Business
The government's non-regulatory influence on business can be just as effective as regulatory methods. In this lesson, you will learn numerous ways government can impact companies' productivity and profitability.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the DSST Business Ethics and Society: Study Guide & Test Prep course
- Ethics in Business
- Understanding Ethical Business Leadership
- Foundational Ethical Theories for Business
- Social Responsibilities of a Business
- Government Regulation of Business
- The Relationship Between Employer & Employees
- Ethical Issues in the Workplace
- The Ethics of Labor Relations
- The Ethics of Advertising & Marketing
- The Ethics of Privacy in Business
- Ethics in International Business
- Corporations & Stakeholders
- Global Business & Environmental Ethics
- DSST Informational Resources
- DSST Business Ethics and Society Flashcards