Business Ethics
This Study of Balancing Moral values with a business's goal of earing a profit.
What is Business ethics
This occurs when one company controls all or nearly all of the market for a product, leaving little or no competition.
What is a Monopoly?
This order directs a company to stop an unlawful activity.
What is a cease and desist order?
This Crime involves using another person's personal information to obtain credit cards, loans, or other benefits in their name.
What is identity theft?
This type of mark identifies a product, such as Diet Coke.
What is a trademark?
This ethical theory resolves dilemmas by choosing the action that does the most good for the most people.
What is utilitarianism?
This practice occurs when competitors agree to charge a certain price instead of competing on price.
What is price fixing?
Known as an ALJ, this official hears cases and issues decisions at administrative hearings.
What is an administrative?
This crime involves making money earned from illegal activities appear to come from legitimate sources.
What is money laundering?
This type of mark identifies a service, such as an airline or a painting business.
What is a service mark?
Developed by Immanuel Kant, this ethical theory says people should act fairly and avoid using others merely for their own benefit.
What is categorical imperative theory?
Passed in 1890, this federal law prohibits unreasonable restraints on trade and monopolization
What is the Sherman Antitrust Act?
These interested third parties may participate in an administrative hearing even though they were not originally part of the dispute.
Who are interveners?
This crime occurs when an employee takes money entrusted to them by their employer and uses it for personal purposes.
What is embezzlement?
This federal law protects trademarks and service marks in the United States.
What is the Lanham Act?
Associated with Robert Nozick, this theory holds that everyone has a set of rights and that the government must protect those rights.
What is rights theory, also called entitlement theroy?
This court order requires a company to sell off assets to undo a merger that unlawfully harms competition.
What is a divestiture order?
Under this agreement, a company agrees to charge its practices without admitting wrongdoing.
What is a consent decress?
Named after a famous fraudster, this investment scheme uses money from new investors to pay returns to earlier investors rather than earning legitimate profits.
What is a Ponzi scheme?
Apple, when used to identify computers rather than fruit, is an example of this type of mark.
What is an arbitrary mark?
Associated with John Locke and John Rawls, this theory holds that rational people would agree to universal rules through a social contract to create an organized, ethical society.
What is the theory of justice?
This federal law has strengthened the Sherman Act and prohibits mergers that may substantially lessen competition or tend to create a monopoly.
What is the Clayton Act?
This requirement generally means a person must complete the agency's available review process before seeking judicial review in court.
What is exhaustion of administrative remedies?
This financier operated a massive Ponzi scheme, using new investors' money to pay earlier investors, and was sentenced to 150 years in prison.
Who is Bernie Madoff?
This international treaty provides a streamlined system for seeking trademark registration in multiple countries through a single application.