Refers to the duty of a business to contribute to the well being of a community.
What is Social Responsibility
100
An agreement to exchange goods or services for something of value, usually money
What is contract
100
An organization that supplies a service or product vital to all people
What is public utility
100
Business dealings involving companies in more than one state
What is interstate commerce
100
A common concern in ethical decision-making involves
What is conflict of interest
200
Occurs when the environment is tainted with the by-products of human actions.
What is pollution
200
Protects the creative work of authors, composers, and artists
What is copyright
200
When a business has control of the market for a product or service
What is monopoly
200
Four elements that are the basis for many legal disputes
What is agreement, competent parties, consideration, and legality
200
What are the ethics of business situations?
What is
1. Is it legal?
2. Does the action violate professional or company standards?
3. Who is affected by the action and how?
300
What are the three ethics of business situations?
What is
1. is the action legal?
2. Does the action violate profession or company standards?
3. Who is affected by the action and how?
300
A word, letter, or symbol linked with a specific company or product
What is trademark
300
A key source of business loans
What is Small Business Administration (SBA)
300
Fire and police protection is the main responsibility of...
a. local government
b. state government
c. federal government
d. all levels of government
What is local government
300
An example of a non-renewable resource would be...
a. a library book
b. solar energy
c. agricultural products
d. gold
What is solar energy
400
Find ways to help workers who are physically challenged
What is Americans with Disabilities Act (ADA)
400
Gives the inventor the sole right to make, use, or sell the item for 17 years
What is patent
400
Laws that prevent other unfair business practices such as false advertisement, deceptive pricing, and misleading labeling
What is antitrust laws
400
Refers to business dealings involving companies that do business in only one state.
What is intrastate commerce
400
A code of ethics is designed to...
a. meet government regulations
b. reduce operating costs of a company
c. provide guidelines for proper behavior
d. improve employee productivity
What is provide guidelines for proper behavior
500
Saving scarce natural resources
What is conservation
500
True or False
An oral contract can be legally binding
What is true
500
Government income
What is revenue
500
Purely intangible with no physical characteristics-a person cannot touch it
What is intellectual property
500
true or false.
an oral contract that can be legally binding