____________________ refers to saving scarce natural resources. This is a goal of many companies.
What is Conservation
100
refers to rules about how businesses and their employees ought to behave
What is Business Ethics
100
protects word, letter, or symbol linked with a specific copany or product. Logos are an example of this.
What is Trademark
100
__________________ occurs when the environment is tainted with the by-products of human action.
What is Pollution
100
Give one example of how a business could be socially responsible.
What is protection of environment, inclusion of minorities & women in the workplace, employment of physically challenged & older workers, healthy & safe work environment.
200
refers to business dealings involving companies that do business in ONLY ONE state. The state governments would regulate this type of commerce.
What is Intrastate Commerce
200
refers to an organization that supplies a service or product vital to all people. Examples of this include telephone service, water, and electricity.
What is Public Utility
200
__________________ refers to the duty of a business to contribute to the well-being of a community.
What is Social Responsibility
200
refers to an agreement to exchange goods or services for something of value, usually money.
What is Contract
200
Describe Conflict of Interest.
What is occurs when an action results in an unfair benefit.
300
Give 2 examples of a non-renewable resource.
What is gas, oil, minerals, water, etc
300
Ethical conduct of a business is greatly determined by who?
What is Top Management
300
refers to business dealings involving companies in more than one state. The federal overnment would regulate this.
What is Interstate Commerce
300
What are the 3 levels of government?
What is Federal, State, & Local
300
__________________ refers to a natural resource that cannot be replaced when it is used up.
What is Non-renewable resource
400
refers to something that is purely intangible, with no physical characteristics. This includes Patents, Copyrights, & Trademarks.
What is Intellectual Property
400
Which government organization sets safety standards for businesses and regulates and enforces them?
What is Occupational Safety and Health Administration (OSHA)
400
exists when a business has control of the market for a product or a service
What is Monopoly
400
What is the name of the federal agency that has standards for water & air quality. This agency helps to protect our natural resources.
What is Environmental Protection Agency (EPA)
400
refers to a set of rules for guiding the actions of employees or members of an organization; should be worded in terms of acceptable behavior rather than forbidden actions
What is Code of Ethics
500
Government income is called REVENUE. Give 2 ways this revenue is obtained by the federal government.
What is Taxes, borrowing, fines, fees & licenses
500
Give 1 benefit to social responsibility.
What is Enhances company image, reduced need for government actions, imporved quality of life in a community, increased awareness of social issues among workers, consumers, & others.
500
Our earnings are subject to ______________ tax. The main source of revenue for the LOCAL government is _________________ tax.
What is Income; Property
500
When considering the ethics of business situations, you could follow three guidelines.What are they?
What is (1) Is the action legal? (2) Does the action violate professional or company standards? (3) Who is affected by the action and how?
500
Give 1 example of a potential cost for a company to be socially responsible.
What is expensive equipment, building repairs, wellness & rehabilitation programs.