4-2

Government
Protection Activities

Goal 1 Identify the roles and levels of

government.
Goal 2 Explain the role of government
protection and the legal system in
business.
Goal 3 Describe types of intellectual property.
2012 Cengage Learning. All Rights Reserved.

SLIDE 1

C H AP T E R

GOVERNMENT IN SOCIETY

SLIDE 2

Government plays a role in all economic

systems.
Our votes place people in office that impact
our economic system
So, as newly elected officials take office, the
role of government changes accordingly

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Principles of Business, 8e

C H AP T E R

ROLES OF GOVERNMENT

SLIDE 3

Providing services for members of society

Protecting citizens, consumers, businesses, and
workers
Regulating utilities and promoting competition
Providing information and support to businesses
Buying goods and services
Hiring public employees
Raising revenue
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Principles of Business, 8e

C H AP T E R

LEVELS OF GOVERNMENT

SLIDE 4

Federal government
State government
Local government

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Principles of Business, 8e

C H AP T E R

FEDERAL GOVERNMENT

SLIDE 5

Oversees the activities that involve two or

more states or other countries. (Intrastate)
Regulates foreign and interstate
commerce

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Principles of Business, 8e

C H AP T E R

STATE GOVERNMENTS

SLIDE 6

Regulate business actions within their own

borders
Assign some of their legislative power to
local governments

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Principles of Business, 8e

C H AP T E R

SLIDE 7

LOCAL GOVERNMENTS
Include county boards and city or town
councils
Provide services needed for an orderly
society, such as police and fire protection

2012 Cengage Learning. All Rights Reserved.

Principles of Business, 8e

C H AP T E R

Checkpoint

SLIDE 8

What are the three levels of

government?
Local
State
Federal

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Principles of Business, 8e

C H AP T E R

GOVERNMENT PROTECTION
ACTIVITIES

SLIDE 9

Worker protection laws in place to

establish a safe work environment. (no
asbestos, etc.)
Contract enforcement agreements to
exchange goods or services for something
of value, usually money.

2012 Cengage Learning. All Rights Reserved.

Principles of Business, 8e

C H AP T E R

SLIDE 10

CONTRACT BASICS
Valid, enforceable contracts must contain:
Agreement

An offer must be made, and an acceptance must

occur.

Competent Parties

Those entering into the contract must be of legal

age and must be mentally competent.

Consideration

Something of measurable value must be

exchanged by the parties involved.

Legality

The contract must be for a product or service

that may be legally sold; also no fraud or
deception exists in the agreement.

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Principles of Business, 8e

C H AP T E R

Checkpoint

SLIDE 11

What are the main elements of a

contract?
Agreement
Competent parties
Consideration
Legality

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Principles of Business, 8e

PROTECTION OF
INTELLECTUAL PROPERTY

C H AP T E R

SLIDE 12

Patents gives the inventor sole right to

make, use, or sell the item for 20 years
Copyrights protects the creative work of
authors, composers, and artists
Trademarks a word, letter, or symbol
linked with a specific company or product.
(Nike)

2012 Cengage Learning. All Rights Reserved.

Principles of Business, 8e

C H AP T E R

SLIDE 13

Checkpoint
What are three types of intellectual
property?
Patents
Copyrights
Trademarks

2012 Cengage Learning. All Rights Reserved.

Principles of Business, 8e