Chapter 4 Vocab

Intro to Busi ness

12 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
10. principles of morality or rules of conduct
F. ethics
11. the obligations of a business to contribute to the well-being of a community
K. social responsibility
12. rules about how businesses and their employees ought to behave
B. business ethics
13. a natural resource, such as gas, coal, copper, or iron ore, that cant be replaced once it is used up
H. non-renewable resource
14. a statement of values and rules that guides the behavior of employees or members of an organization
C. code of ethics
15. 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
J. public utility
16. laws designed to promote competition and fairnesss and to prevent monopolies
A. antitrust laws
17. protection of the work of authors, composers, and artists
E. copyright
18. an agreement to exchange goods or services for something of value
D. contract
19. the exclusive right given to a person to make, use, or sell an invention for a period of 17 years
I. patent
20. a word, letter, or symbol associated wiht a specific product or company
L. trademark
21. a business that has cpmplete control of the market for a product or service
G. monopoly