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CH 4 Intro Biz JW
Vocabulary
| Question | Answer |
|---|---|
| The duty of a business to contribute to the well being of the community. | Social Responsibility |
| Natural resource that cannot be replaced when used up. | Non-renewable Resource |
| Principles of morality or rules of conduct. | Ethics |
| Rules about how businesses and their employees ought to behave. | Business Ethics |
| Set of rules for guiding the actions of employees or members of an organization. | Code of Ethics |
| Agreement to exchange goods or services for something of value, usually money. | Contract |
| Gives the inventor the sole right to make,use, or sell the item for 20 years. | Patent |
| Protects the creative work of authors, composers, and artists. | Copyright |
| Word, letter, or symbol linked with a specific company or product. | Trademark |
| Organization that supplies a service or product vital to all people. | Public Utility |
| Exists when a business has control of the market for a product or service. | Monopoly |
| A government action meant to promote competition and fairness and avoid monopolies. Prevent businesses from practicing such acts as, false advertising, deceptive pricing, and misleading labeling. | Antitrust Laws |
Created by:
joannw15
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