Flashcard Set Preview
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| 1 |
social responsibility
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the duty of a business to conribute the
wellbeing of a community
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conservation
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saving scarce natural resources
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non-renewable resources
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a natural resource that cannot be replaced when used up (gas, oil, and minerals)
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pollution
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occurs when the environment is tainted witht he by-products of human actions
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conditions of work
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pertains to the health and safety of employees while on the job
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| 6 |
ethic
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principles of morality or rules of conduct
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business ethics
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rules about how businesses and their actions of employees or members of an organization
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| 8 |
conflict of interest
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a common concern in ethical decision-making, occurs when an action by a company or individual...
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| 9 |
interstate
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business dealings involving companies in more than one state
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intrastate
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refers to business dealings involving companies that do business in only one state
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| 11 |
contract
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an agreement to exchange goods or services for something of value, usually money
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consideration
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an item seen as having different values by different people can result in a legal dispute
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| 13 |
intellectual property
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purely intangible with no physical characteristics
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patent
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gives the inventor the sole right to make, use, or sell the itme for 17 years
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| 15 |
copyright
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protects the creative work of authors, composers, and artists
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