Business Basics
Something a business sells to customers.
What is a product?
A legal agreement between people.
What is a contract?
When someone does not follow a contract.
What is breaking a contract?
Proof that you bought something from a store.
What is a receipt?
Money paid to a worker for doing a job.
What is a wage?
Laws that deal with people who commit crimes.
What is criminal law?
The legal right to own an idea or invention.
What is intellectual property?
Permission from the government to do something.
What is a license?
A person who starts and runs their own business.
What is an entrepreneur?
Laws that deal with disagreements between people.
What is civil law?
Money paid because of a court decision.
What are damages?
When both sides agree to end a legal dispute.
What is a settlement?
The money a business makes after paying its expenses.
What is profit?
The person in court who makes the final decision.
Who is a judge?
When someone brings a problem to court.
What is a lawsuit?
The person who buys goods or services.
What is a consumer?
A business owned and run by one person
What is a sole proprietorship?
A group of people who help decide a case in court.
Rules that protect people at their jobs.
What is labor law?
The person who sells goods or services.
What is a business owner?