Chapter 4 Terms
These are Principles of morality or rules of conduct
What are ethics?
A business that supplies a service or product vital to all people; the price charged for the service (or product) is determined by government regulation rather than by competition.
What is public utility?
A word, letter, or symbol associated with a specific product or company.
What is a trademark?
This occurs when the environment is tainted with the by-products of human actions
What is pollution?
What is 3
This is the obligation of a business to contribute to the well-being of a community
What is social responsibility?
Laws designed to promote competition and fairness and to prevent monopolies
What are antitrust laws?
A business that has complete control of the market for a product or service
What is a monopoly?
This can occur when an action by a company or individual results in an unfair benefit and is a common concern in ethical decision making.
What is a conflict of interest?
This is the color of my eyes when I was born.
What is hazel?
These are rules about how businesses and their employees ought to behave
What are business ethics?
Protection of the work of authors, composers, and artists
What is copyright?
A major source of revenue for local governments is the real estate (this) kind of tax.
What is property tax?
Trademarks are often identified with a symbol, called one of these.
What is a logo?
This is what color socks I'm wearing right now.
What is black?
A natural resource, such as gas, coal, copper, or, or iron ore, that cannot be replaced once it is used up are called these.
What are nonrenewable resources?
What is a contract?
Safety standards are regulated and enforced by agencies such as this one
What is OSHA? (Occupational Safety and Health Administration)
Government income is called this.
What is revenue?
When did I get my first deer?
What is 2022?
A statement of values and rules that guides the behavior of employees or members of an organization.
What is the code of ethics?
The exclusive right given to a person to make, use, or sell an invention for a period of 20 years.
What is a patent?
This term refers to saving scarce natural resources.
What is conservation?
This is purely intangible, with no physical characteristics - a person cannot touch it. It includes patents, copyrights, and trademarks.
What is intellectual property?
This is my favorite TV show. It's a "crime" if you don't know this.
What is Criminal Minds?