PoBMF - Ch 3 Business Law & Ethics Review

A proposal to provide a good or service is an _____________

• Contract

• Offer

• Lease

• Consideration

An individual's ideas of what is right and wrong are called_____________________

• Ethics

• Social Responsibility

• Morals

• Capacity

Something of value promised in return for a good or service is called a ______________________________

• Consideration

• Offer

• Lease

• Social Responsibility

A contract to rent something is a _______________

• Social Responsibility

• Contract

• Offer

• Lease

Rules of behavior based on a group's ideas of what is right and wrong are called ________________________

• Morals

• Ethics

• Social Responsibility

• Philanthropy

Never sharing specific information about a company or its employees is called __________________________

• Consideration

• Philanthropy

• Confidentiality

• Ethics

If you are legally able to enter into a binding agreement, you have ______________________

• Consideration

• Capacity

• Ethics

• Morals

Behaving with sensitivity to social, environmental, and economic issues is having ________________________________

• Morals

• Social Responsibility

• Ethics

• Consideration

A legally binding agreement between two or more people or businesses is called a(n) _________________________________

• Offer

• Lease

• Capacity

• Contract

Promoting the welfare of others

• Ethics

• Social Responsibility

• Philanthropy

• Consideration