Business Law

A classmate is having trouble finishing a report. He'll pay you to finish it for him. What is the ethical thing to do?A classmate is having trouble finishing a report. He'll pay you to finish it for him. What is the ethical thing to do?

• Decline to do it, but ask for the money anyway or you'll tell the teacher.

• Decline to do it, explaining that you don't have time.

• Agree to do it since you have time. But decline the money because it's wrong.

• Agree to do it. You could use the money.

The U. S. Supreme Court hears cases that involve ____________.

• Constitutional cases

• Civil cases

• Criminal cases

• Tort cases

Local laws passed councils are called ____________.

• Qualification

• Propositions

• Ordinances

• Ratifications

A cashier gives you more change then she should have. The ethical choice is to ____________.

• Donate the money to a worthy cause

• Return the extra money

• Keep the money

• Spend the money

A precedent law:

• is made by a legislature

• Oversees an agency

• is based on customs

• is determine by a court case

_______ protects the name and identifying symbol of a product or company.

• Trade secret

• Patent

• Trademark

• Copyright

The exclusive right granted to an inventor to manufacture, use, or sell an invention is a(n) ____________.

• Patent

• Trademark

• Trade secret

• Copyright

After work John is planning to do some of his job tasks at home to get back on schedule. But he needs some office supplies at home. To save time and a trip to the store, he decides to take the supplies from work. Is John's action ____________.

• Ethical

• Unethical

• Illegal

Laws passed by legislatures are called ____________.

• Statutory laws

• Common laws

• Ordinances

• Precedent laws

A business organization that has members is a(n)? There are more than one answer.

• Corporation

• Partnership

• Sole proprietorship

• LLC