Contracts
An offer that is made and accepted
What is agreement
When someone gets sole right to make, use, or sell the item for the next 20 years
What is Patent
Principles of morality or rules of conduct
What is business ethics
Why did they open the first Ben and Jerry’s in Burlington VT.
What is, no competition in VT.
A policy you buy to protect yourself against financial problems.
What is insurance?
Those entering the parties must be of legal age and be mentally contempt.
What is Competent Parties?
Protects the creative work of authors, composers, and artists.
What is copyright
What really is business ethics
What is rules about the business
What happened to the stock price when rumors of take over started to surface?
What is, their stock price doubled.
A type of asset you buy that you hope will gain value over time.
What is an investment?
Something of measurable value must be
What is consideration?
A word, letter, or symbol linked to a specific company or product. Last 10 years with 10 year renewal terms.
What is trademark
Involves confirming these rules about the business
What is ethical behavior
How did Ben and Jerry’s lose control of the business they started?
What is, when they sold it to Unilever.
The cost of borrowing money.
What is an Interest?
The product must be exchanged by the parties involved
What is legality?
refers to creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce
What is Intellectual
How do personal values meet company standards?
promoting ethical culture
What are some of the issues the company currently cares about?
What is, Racial Justice, Climate Justice, LGBTQ+ Rights.
Money paid to shareholders out of company profits.
What is a dividend?
Without contract enforcement people would be afraid to do business for fear that people could refuse to honor commitment. True or false
What is true
Protect confidential business information (formulas, customer lists) that provides a competitive edge, kept secret indefinitely.
What is Trade Secrets
How are ethical concerns addressed?
What is transparency
What are antitrust laws and what exactly did Haagen Daz do that violated antitrust laws?
What is, Haagen Daz threatened companies to stop selling their products if they kept on buying Ben and Jerry's. Ben and Jerry's benefit by becoming a nationally known brand.
Usually two or three letters representing a stock.
What is a stock ticket symbol?