Intro to Business Chapter 4

To be valid and enforceable, contracts must be in writing and signed by both parties.

• True

• False

A logo is a trademark linked with a specific company or product.

• True

• False

Intrastate commerce involves companies doing business in only one state.

• True

• False

A business's duty to contribute to the well-being of the community is its social responsibility.

• True

• False

Cannot be replaced once it has been used up

• antitrust laws

• nonrenewable resource

• public utility

• conservation

Protects the work of authors, composers, and artists

• copyright

• code of ethics

• conflict of interest

• antitrust laws

Save scarce natural resources

• antitrust laws

• code of ethics

• nonrenewable resources

• conservation

Guides the actions of employees

• antitrust laws

• code of ethics

• public utility

• copyright

Prevent unfair business practices

• code of ethics

• public utility

• conservation

• antitrust laws

Supplies a product or service vital to all people

• antitrust laws

• code of ethics

• public utility

• conservation