Business Ethics and Law Quiz

What is the duty of a business to contribute to the well-being of a community called?

• Business ethics

• Social responsibility

• Antitrust laws

• Monopoly

What is a natural resource that cannot be replaced when used up?

• Renewable resource

• Nonrenewable resource

• Public utility

• Trust

What are principles of morality or rules of conduct known as?

• Ethics

• Collusion

• Contract

• Trademark

What term describes rules about how businesses and their employees ought to behave?

• Code of ethics

• Business ethics

• Price fixing

• Monopoly

What is a set of rules for guiding the action of employees or members of an organization?

• Trust

• Code of ethics

• Antitrust laws

• Collusion

What is an agreement to exchange goods or services for something of value, usually money?

• Patent

• Contract

• Trademark

• Copyright

What gives the inventor the sole right to make, use, or sell an item for 20 years?

• Trademark

• Copyright

• Patent

• Public utility

What protects the creative work of authors, composers, and artists?

• Trademark

• Copyright

• Patent

• Trust

What is a word, letter, or symbol linked to a specific product or company?

• Trademark

• Patent

• Copyright

• Collusion

What is an organization that supplies a service or product vital to all people?

• Monopoly

• Public utility

• Trust

• Antitrust laws