Ch. 3 Business Law and Ethics Review

Something of value promised in a contract is called _________.

• articles

• goods

• consideration

• fees

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

CCSS.L.8.6

A ________ is a legally binding agreement between two or more people or businesses.

• report

• contract

• document

• receipt

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

CCSS.L.8.6

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

• request

• discussion

• contract

• offer

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

CCSS.L.8.6

Promoting the welfare of others is called ______.

• good deeds

• goodwill

• philanthropy

• charity

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

When one or more parties do not follow the agreed terms of a contract it is called:

• cancellation

• breach of contract

• damaged contract

• broken agreement

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

CCSS.W.8.2D

A _________ is a document that dictates how business should be conducted.

• set of standards

• proxy

• handbook

• code of ethics

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

CCSS.L.8.6

A(n) ________ contract lists the products and services provided by a business and the prices the customer has to pay.

• partnership

• lease

• employment

• sales and service

Principles that help define appropriate behavior in a business setting are:

• business rules

• business ethics

• company standards

• laws

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

CCSS.L.8.6

How the owners and employees of a company think, feel and act as a business:

• corporate culture

• philanthropy

• code of conduct

• trade secret

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

CCSS.L.8.6

Overstating the features and benefits of products or making false claims about them:

• Environmental Law

• False Advertising

• Breach of contract

• acceptance

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

CCSS.W.8.2D