Legal Environment
A proposal to provide a good or service.
What is an OFFER
A legally binding agreement between two or more people or businesses.
What is CONTRACTS?
An order to remove or repair unsafe products in the market
what is RECALL
An individual's idea of what is right and wrong.
What is Morals.
Overstating the features and benefits of products or making false claims about them.
What is FALSE ADVERTISING
When one or more parties do not follow the agreed terms of a contract without having a legitimate reason.
What is a BREACH OF CONTRACT
This element of legal contracts means that all parties involved must agree to the terms of the contract.
What is ACCEPTANCE
Basic expectations of fair treatment of consumers
What are the CONSUMER BILL OF RIGHTS
The honesty of a person's actions
What is Integrity
What is CORPORATE CULTURE
A contract to rent something
What is a LEASE
This may be considered a type of lease because the software publisher keeps ownership of the software.
What is a SOFTWARE LICENSE?
What is the ENVIRONMENTAL PROTECTION AGENCY (EPA)
Typically a handbook that outlines expectations of employee behavior.
What is a CODE OF CONDUCT
Promoting the welfare of others.
What is PHILANTHROPY
Established by the US Department of Labor to assure safe working conditions for employees.
What is the OCCUPATIONAL SAFETY AND HEALTH ASSOCIATION (OSHA)
Means that a person is legally able to enter into a binding agreement.
What is CAPACITY?
Enforces federal laws that regulate unfair employment practices.
What is the US EQUAL EMPLOYMENT OPPORTUNITY COMMISSION (EEOC)
Confidential information a company needs to keep private and protect from theft.
What is a TRADE SECRET
Behaving with sensitivity to social, environmental, and economic issues.
What is SOCIAL RESPONSIBILITY
Requires that parties entering into the contract must understand that it can be enforced by law.
What is the INTENTION OF LEGAL CONSEQUENCES
An element that requires that parties entering into the contract must understand that it can be enforced by law.
What is an INTENTION OF LEGAL CONSEQUENCES?
Is assigned by the IRS for use when preparing federal tax forms
Enforces laws that uphold truth in advertising.
What is THE FEDERAL TRADE COMMISSION (FTC)
Includes all the actions taken by a business to promote social good.
What is CORPORATE SOCIAL RESPONSIBILITY