Vocabulary
6 Important Areas of Law that Affect Business Operations
Employment Laws
Benefits Laws
Random
100
Gives inventors the right to make, use, and sell their inventions for 17 years.
What is a patent
100
Regulates how businesses set themselves up to operate as companies.
What is corporate law
100
What does EEO stand for?
What is equal opportunity laws
100
Insure workers against injury, illness, or death because of job conditions.
What are workers' compensation laws
100
The age at which the Wage Hour Laws say that a child may start working
What is 14
200
Word, name, or symbol a business uses to identify its goods.
What is Trademark
200
Regulates how much businesses much pay the gov't to help provide services for the public.
What is tax law
200
Requires employees and employers to comply with safety and health standards
What are occupational safety and health laws
200
Financial assistance for workers during periods of unemployment.
What are unemployment insurance laws
200
An agreement between two parties to carry out a transaction, such as the sale of goods from a seller to a buyer
What is a contract
300
A tax levied against business profits.
What is income tax
300
Regulates how businesses can protect inventions and new products.
What is intellectual property law
300
Establish minimum wage, overtime, and child labor law standards.
What is wage hour laws
300
Protects the money put into an employee's retirement fund by companies and workers.
What is the Employee Retirement Income Security Act
300
Define: FTC
What is the Federal Trade Commission
400
Groups of workers who collectively bargain for rights.
What is a union
400
Protects individuals against business activities
What is consumer law
400
Guarantee workers will recieve certain benefits regardless to what happens to them on the job
What are benefit laws
400
Gives employees up to 12 weeks of leave to care for a child, spouse, or parent.
What is the Family and Medical Leave Act
400
Tax levied against the property, buildings, or land owned by a business.
What is a property tax
500
Rules that government agencies issue to implement laws.
What are regualtions
500
Regulates who can go into certain businesses/where they can establish operations.
What is Licensing and zoning law
500
Laws that protect the right of employees to organize and to unions.
What are labor relations
500
Provides income to workers after retirement.
What is the Social Security Act
500
A business formed under state or federal statutes that is authorized to act as a legal person.
What is a corporation
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