Ch 3 Ethics

A______ is a legally binding agreement between two or more people or business.

• receipt

• document

• contract

• report

A(n)_________ is a proposal to provide a good or service.

• offer

• request

• discussion

• contract

Something of value promised in a contract is called_______.

• goods

• articles

• fees

• consideration

__________ means that a person is legally able to enter into a binding agreement.

• competence

• capacity

• sound mind

• qualifications

A(n)__________is a contract to rent something.

• agreement

• license

• hand shake

• lease

When one or more parties do not follow the agreed terms of a contract without having a legitimate reason a __________ occurs.

• cancellation

• breach of contract

• damaged contract

• broken agreement

Principles that help define appropriate behavior in a business setting are __________-.

• business ethics

• business rules

• company standards

• laws

A _______ is a document that dictates how businesses should be conducted.

• code of ethics

• set of standards

• proxy

• handbook

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

A contract to rent something is called a(n)_____________.