Chapter 4 Vocabulary
Chapter 4 Vocabulary
Chapter 4 EQs
Chapter 4 EQs
Chapter 4 Assessments
100
What is Social responsibility?
the duty of a business to contribute to the well being of a community.
100
what is non-renewable resource?
a natural resource that cannot be replaced when used up.
100
what are four areas of social responsibility that may require the attention of business?
The four areas of social responsibility that may require attention of business are Environmental protection,Workplace diversity, job safety, and employee wellness.
100
What are the main benefits of social responsibility?
The main benefits of social responsibility are; expanding justice for groups of a society, enhanced company image, reduced need for government actions, improved quality of life in a community and around the world,Increased awareness of social issues among workers, consumers, and others.
100
what is an example of a non--renewable resources a. solar energy b. gold c. agricultural products d. a library book
b. gold
200
what is business ethics?
rules about how businesses and their employees ought to behave.
200
what is code of ethics
a set of rules for guiding the actions of employees or members of an organization.
200
What is the purpose of a code of ethics?
The purpose of a code of ethics is to set rules for guiding the actions of employees or members of an Organization.
200
what are the three levels of government?
The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.
200
a code of ethics is designed to? a. meet government regulations b. reduce operating cost of a company c. providing guidelines for proper behavior d. improve employee productivity
c. providing guidelines producticity
300
what is Contract?
an agreement to exchange goods or services for something of value, usually money.
300
what is copyright
something that protects the creative work of authors, composers, and artists.
300
What are the main elements of a contract?
Certain elements must be included for the contract to be enforceable, these four elements are; agreement, Competent parties, consideration, and legality.
300
What are three types of intellectual property?
the three types of intellectual property are; patents, copyrights, and trademarks.
300
fire and police protection is the main responsibility of? a. local government b. state government c. federal government d. all levels of government
a. local government
400
what is a trademark
a word, letter or symbol linked with a specific company or product.
400
what is public utility?
an organization that supplies a service or product vital to all people.
400
why does government regulate utilities?
the government regulates utilities to provide services and product vital to all people.
400
*Bonus* (800 points) what are the types of trade marks?
Words Letters Symbols
400
a____would protect the composer's musical score? a. patent b. trademark c. copyright d. contract
b. copyright
500
what is monopoly?
when a business has control of the market for a product or service.
500
what is antitrust laws?
a government action meant to promote competition and fairness and to avoid monopolies.
500
how does government assist business?
the government helps businesses by collecting and reporting valuable information.
500
what is the difference between tax revenue and borrowing by government?
yes
500
antitrust laws are designed to? a. reduce utility rates b. lower taxes c. create more jobs d. maintain competition
d. maintain competiton
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