Set of moral principles or values that govern behavior
ethics
100
groups of workers who collectively bargain for rights such as higher wages and better working conditions
unions
100
What kind of business is owned by a single individual?
sole proprietorship
100
Over the years various _____ have been enacted that directly relate to the issue of ethics in business.
laws
100
_______ are individuals who buy goods and services for their own use
consumers
200
ownership of ideas such as inventions, books, movies and computer programs
intellectual property
200
The document the federal government issues to inventors and companies that gives them the exclusive rights to make and sell their inventions for 17 years
patent
200
What are taxes levied aganist buildings and land owned by a business called?
property tax
200
In some cultures _____ is expected, and failure to present them is considered an insult.
gift giving
200
Congress has enacted __________ laws that protect groups of employees from unfair working conditions
labor relations
300
A company's employees, customers, suppliers, and the community
stakeholders
300
the protection provided to a creative work
copyright
300
What are the three different kids of business entities?
sole proprietorship
partnership
corporation
300
Submitting a false expense account in an example of _________.
employee theft
300
Joint owners in a buiness are called ______.
partners
400
The obligation that individuals or businesses have to help solve social problems.
social responsibility
400
rules that government agencies issue to implement laws
regulations
400
In what three ways are intellectual property rights guaranteed in the US?
patents
trademarks
copyrights
400
Corporations can demonstrate their sense of ________ by contributing time and money to charitable, cultural, and civic organizations.
social responsibility
400
The amount that a property is worth is known as its _____.
assessed valuation
500
A document that outlines the principles of conduct to be used in making decisions within the organization
code of ethics
500
word, name, symbol, or solgan that a business uses to identify its own goods and set them apart from others
trademark
500
What are the three schools of thought about the roles of corporations?
Profit Maximization
Trustee Management
Social Involvement
500
The philosophy of _________ recognized that owners of businesses have obligations to do more than just earn profits.
Trustee Management
500
Income taxes paid to the government _________ the amount of profit to a business.