Define
Laws, Regulations, Agencies
Social Responsibility
Random
Environment & Business Ethics
100

_______________ encourages businesses to attract new customers and keep the old ones.

What is Free Enterprise (Private)

100

The branch of U.S. Government that interprets, applies, and administers the laws of the United States.

What is Judicial.

100

Actions that affect employees, consumers, communities, and the environment.-

What is Social Responsibility.
100

The money earned from conducting business after all costs and expenses have been paid.-

What is Profit
100

Pricing products unreasonably high when the need is great or when consumers do not have other choices.

What is Price Gouging

200

Exclusive control over a product or the means of producing it.

What is Monopoly

200

The government agency that is responsible for the fair & equitable treatment of employees with regard to hiring, firing, and promotions, and preventing companies from discrimination against employees.

What is EEOC.

200

Guidelines for good behavior.

Ethics

200

Business Ownership by ordinary people and not the government.

What is Private Enterprise

200

Considered to be unethical selling practice in the United States but in other countries this may be considered ethical as it is a custom to receive a gift.

What is a Bribe-+-+-+
300

Refers to consumer willingness and ability to buy products.

What is Demand

300
The government agency responsible for protecting human health including monitoring and reducing air and water pollution.  Oversees recycling and hazardous waste disposal.

What is EPA (Environment Protection Agency)

300

Knowing the difference between right and wrong.

What is Ethical Behavior

300

The economic principle that price and demand move in opposite directions

What is Law of Demand

300

Companies engage in the production and promotion of environmentally safe products.

What is Green Marketing

400

A word, name, Symbol, sound or color that identifies a good or service.

What is Trademark

400

The government agency that sets guidelines for workplace safety and environmental concerns, and enforces those regulations.

What is OSHA.

400

This was Passed in 2002 in an effort to hold company executives and their consulting firms accountable for misinformation related to account and proper reporting of a corporation's financial situation.

What is The Sarbanes-Oxley Act of 2002.

400

Referred to as "the Nation's Central Bank"

What is the Federal Reserve

400

Reporting an illegal action of one's employer.

What is Whistle-blowing

500

The economic rule that price and quantity move in the same direction.

What is Law of Supply.

500

The government agency that regulates the labeling and safety of good, drugs, and cosmetics sold throughout the United States.

What is FDA.

500

A non-profit organization that promotes self-regulation among businesses - ethical companies join this organization to help create an ethical business environment - companies must agree to follow the highest principles of business ethics.

What is the Better Business Bureau (BBB)

500

When the amount of the product supplied is equal to the amount that is demanded, a state of _______________ occurs.

What is Equilibrium

500

The societal effort to protect consumers rights by putting legal, moral, and economic pressure on business.

What is Consumerism

M
e
n
u