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Chapter 4 govern

Chapter 4 Social Responsibility of business and Government

Social Responsibility the duty of a business to contribute to the well-being of a community
Non-renewable resource I am going to eat riyan
ADA organization that has had major improvements in accommodating workers who are physically challenged
OSHA organization that regulates safety standards in the workplace
EPA organization that monitors water and air quality standards to reduce pollution
Ethics principles of morality or rules of conduct
Business Ethics rules about how businesses and their employees ought to behave
Code of ethics a set of rules for guiding the actions of employees or members of an organization
Contract in an agreement to exchange goods or services for something of value, usually money
Patent gives inventor sole right to make, use, or sell the item for 20 years.
Copyright protects the creative work of authors, composers, and artists
Trademark a word, letter, or symbol linked with a specific company or product
Public utility an organization that supplies a service or product vital to all people
Monopoly exists when a business has control of the market for a product or service
Antitrust laws prevent other unfair business practices such as false advertising, deceptive pricing, and misleading labeling
Created by: Nabbbs



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