Contracts
What is a contract?
A legally binding agreement
Which law punishes crimes against society?
Criminal law
Intellectual property types:
Patent, Trademark, and Copyright
Personal consequence of unethical conduct:
Legal Action, Loss of Trust, and/or Job Termination
Emotional intelligence helps employees:
Manage Emotions, Work effectively with others, Resolve Conflicts ...
Who are the two parties in a contract?
Offeror and Offeree
Which law resolves disputes between private parties?
Civil law
How can businesses protect digital intellectual property?
Trademarks, patents, and copyrights protect ideas, inventions, and creative works.
Unethical/Ethical behavior affects:
Personal Reputation and Business Reputation
Give an example of Professionalism:
Arriving on time and dressing appropriately
A counter-offer:
Rejects the original offer and proposes a new one
Which is statutory law?
Congress passing a tax law
E-commerce raises jurisdictional issues because:
Online transactions involve parties in different states/countries
Consequences of illegal conduct include:
Lawsuits, Fines, and/or Reputation Loss
Adaptability in the workplace:
Stays flexible and learns
Which of the following makes a contract voidable?
Duress / Fraud
Common law is:
Created by judges over time through precedent
Domain name disputes occur when:
Two companies claim the same website name
Businesses maintain ethical behavior by:
Following laws, Treating employees fairly, and honesty with customers
Empathy in teamwork means:
Listening and valuing ideas of others
What is a unilateral contract?
a one-sided agreement where one party (the offeror) makes a promise in exchange for a specific action or performance from another party.
Regulatory law is:
power given to agencies by the government to control how businesses and people operate to keep things fair, safe, and legal.
A digital signature does is? and does what?
An electronic way to prove that a document or message is real and hasn’t been changed, and that it was signed by the correct person.
It confirms the signer’s identity.
A company can make more money by hiding a problem in its product, and most customers would never find out. Is it ethical for the company to stay silent? Why or why not?
No, it is not ethical. Hiding the problem is dishonest and can harm customers. Ethical behavior means being honest, taking responsibility, and putting people’s safety and trust before profit.
What is the difference between a soft skill vs a hard skill?
Hard skills are specific, teachable abilities you can measure (like typing or math), while soft skills are personal traits that affect how you work with others (like communication and teamwork).