PBM: Chapter 4 Assessment

The principles of morality or rules of conduct are known as

• business ethics
• code of ethics
• ethics

The obligation of a business to contribute to the well-being of a community

• business ethics
• social responsibility
• code of ethics

Which of the following consist of rules regarding how businesses and their employees ought to behave?

• social responsibility
• ethics
• business ethics

An oral contract can be legally binding.

• true
• false

Which of the following is a set of rules for guiding the behavior of employees or members of an organization?

• code of ethics
• business ethics
• ethics

What are the three questions you should ask when assessing the ethics of a situation?

Which of the following protects the work of authors, composers, and artists?

• patents
• copyrights
• trademarks

An agreement to exchange goods or services for something of value is known as a

• code of ethics
• contract
• monopoly

Which of the following gives the inventor the sole right to make, use, or sell the item for a period of 20 years?

• patents
• trademarks
• copyrights

Which of the following is a word, letter, or symbol associated with a specific product or company?

• copyrights
• trademarks
• patents