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Chapter 4
social
| Question | Answer |
|---|---|
| principles of morality or rules of conduct | ethics |
| rules about how businesses and their employees ought to behave | business ethics |
| a natural resource, such as gas, coal, copper, or iron ore, that cannot be replaced once it is used up | non-renewable resource |
| a statement of values and rules that guides the behavior of employees or members of an organization | code of ethics |
| a business that supplies a service or product vital to all people; the price charged for the service or product is determined by the government regulation rather than by competition | public utility |
| laws designed to promote competition and fairness and to prevent monopolies | antitrust laws |
| protection of work of authors, composers and artists | copyright |
| an agreement to exchange goods or services for something of value | contract |
| the exclusive right given to a person to make, use, or sell an invention for a period of seventeen years | patent |
| a word, letter, or symbol associated with a specific product or company | trademark |
| a business that has complete control of the market for a product or service | monopoly |