2.05 POBF Review

ABC Corporation is attempting to buy out its only competitor but a lawsuit has been filed declaring that the transaction may lead to a monopoly. Which consumer right might the corporation be violating?

• To Choose
• To Service
• To Safety
• To Consumer Education

Government laws and actions meant to promote competition and fairness and to avoid monopolies

• Antitrust Laws
• Regulations
• Laws
• Copyright

rules about how businesses and their employees ought to behave

• Business Ethics
• social responsibility
• ethics
• morals

an agreement to exchanges goods or services for something of value, usually money

• trademark
• copyright
• contract
• patent

Protects the creative work of authors, composers, and artists:

• trademark
• copyright
• patent

principles of morality or rules of conduct

• business ethics
• ethics
• contract
• trademark

exists when a business has control of the market for a product or service

• contract
• monopoly
• ethics
• social responsibility

gives the inventor the sole right to make, use, or sell the item for 20 years

• copyright
• trademark
• patent

an organization that supplies a service or product vital to all people

• monopoly
• public utility
• contract
• government agency

refers to the duty of a business to contribute to the well-being of a community

• social responsibility
• monopoly
• contract
• trademark