Ch 3 Social Responsibility & Business Ethics

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

• Conservation

• Social Responsibility

• Business Ethics

• Worker Protection

Three levels of government

• Federal, State, Municipal

• International, Federal, State

• Federal, State, Local

• International, State, Local

An agreement to exchange goods or services for something of value, usually money

• Taxes

• Contract

• Civil Case

• Trademark

Give the inventory the sole right to make, use, or sell the item for 20 years.

• Invention

• Patent

• Trademark

• Copyright

Rules about how businesses and their employees ought to behave

• Ethics

• Code of Ethics

• Business Ethics

• Social Responsibility

A set of rules for guiding the actions of employees or members of an organization.

• Social Responsibility

• Ethics

• Code of Ethics

• Business Ethics

Which of the following is NOT one of the four areas of social responsibility?

• Employee Wellness

• Job Protection

• Contract Enforcement

• Environmental Protection

Four parts of a contract

• Agreement, Competent Parties, Legality, Signature

• Agreement, Competent Parties, Consideration, Legality

• Legality, Consideration, Digital Signature, Competent Parties

• Signature, Agreement, Competent Parties, Consideration

Enforces laws and government regulations

• Civil Case

• Judge

• Legal System

• Police

Government Income

• Revenue

• Loans

• Credit Cards