Government's Role in the Economy
This exist when a business has control of the market for a product or service.
What is a monopoly?
Principles of morality or rules of conduct.
What are ethics?
A word,letter, or symbol linked to a specific company or product; last 10 years renewal terms.
What is trademark?
Being of legal age and mentally competent when entering a contract.
What are Competent Parties?
Ben & Jerry’s opened their first scoop shop here.
What is Burlington, VT?
The government passed these laws in order to promote competition fairness and avoid monopolies.
What are the antitrust laws?
Rules that guide the actions of employees or members of an organization.
What is a code of ethics?
protects the creative work of authors, composers, and artists.
What is copyright?
An agreement to exchange goods or services for something of value, usually money.
What is a contract?
Ben & Jerry’s lost their business when they were forced to sell it to this company in the 2000s.
The government attempts to promote this business element.
What is fair competition?
The group of people who decide the ethical conduct of a business.
What is top management?
These types of creations such as inventions; literary and artistic works; symbols; names and images are referred to as intellectual property.
What are creations of the mind?
The contract must be for a product or service that may be legally sold.
What is legality?
This company attempted to force distributors to stop carrying Ben & Jerry’s ice cream.
What is Haagen Daz?
The services the government monopolizes for universal access.
What are essential services?
It should be worded in terms of acceptable behavior rather than forbidden action.
What way should a code of ethics be worded?
Gives the inventor the sole right to make, use, or sell the item for 20 years.
What is a patent?
Without this people would be afraid to do business for fear that people could refuse to honor commitment
What is contract enforcement?
The ice cream flavor Ben & Jerry created to help Brazilian rainforests.
What is "Rainforest Crunch"?
The government has the responsibility to generate income or funds.
What is raising revenue?
Is the action legal?
Does the action violate professional or company standards?
Who is affected by the action and how?
What are guidelines for ethical business conduct?
Intellectual property is intangible with none of these characteristics
What are physical characteristics?
Something of measurable value must be exchanged by the parties involved.
What is consideration?
The reason why Ben and Jerry’s first shop was in the perfect location.
What is no competition?