Final quiz

occurs when the party to which the offer was made agrees to the terms of the contract; may not be made immediately; must somehow be communicated to the party offering the contract

legal term for the bargain occurring when one party gives something up and another party receives something in return

• compensation
• exchange
• consideration
• transaction

legally enforceable document between two or more parties creating an obligation; usually regulated and enforced by the state in which it was made

law stating you cannot discriminate wages based on gender

• Wage Equality Amendment
• Equal Pay Act of 1963
• Fair Pay Act of 1975
• Gender Wage Equality Act

situation in which all parties agree to the terms of the contract

• One-sided consent
• Mutual agreement

• Sole assent
• Unilateral agreement

federal organization which regulates and investigates workplace incidents involving injury and illness for most U.S. workers

• Occupational Health and Safety Administration (OHSA)
• National Safety Council (NSC)
• Workplace Safety and Health (WSH)
• Occupational Safety and Health Administration (OSHA)

people, organizations or corporations/ all people that interact with the business.

legal term for taken away

payments made to employees after they have retired, similar to a retirement plan; regulated by the Employee Retirement Income Security Act (ERISA)

• 401(k)
• Social Security
• Stock options
• pension

set of written standards issued by an organization to assist its employees in conducting their actions in conformity with the organization's ethical values

• code of ethics

• Principles of behavior
• Ethical guidelines
• Rules of engagement