Principles of Business Chapter 3

is a proposal to provide a good or service.

is behaving with sensitivity to social, environmental, and economic issues.

are rules of behavior based on a group’s ideas about what is right and wrong.

regulates how contracts are written, executed, and enforced.

specific information about a company or its employees is never shared, except with those who have clearance.

I bought 3 skittles for $1.45 each, 2 snickers for $2.99 each, 4 packs of gum for $3.25 each what is my total

because it is confidential information a company needs to keep private and protect from theft.

means that a person is legally able to enter into a binding agreement.

What personal characteristics does the EEOC Not use to define discrimination against a job applicant or employee?

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

. Which governmental agency enforces federal laws regarding human health and the environment?

describes how the owners and employees of a company think, feel, and act as a business.

is overstating the features and benefits of products or making false claims about them.

means that something of value must be promised in return.

ncludes all the actions taken by a business to promote social good.

This number is assigned by the IRS for businesses to use when preparing federal tax returns and forms.

Which is NOT a type of law and regulation that apply to every business, regardless of type or size.

list the goods or services provided by a business and the price the customer pays in exchange.

I bought a shirt $80, pants $120, shoes $75 and had a coupon for $35 off of the shoes. What is the total?

handbook that outlines expectations of employee behavior.

is a contract to rent something.

describes the terms of employment between a business and an employee.

is a document that dictates how business should be conducted.

promoting welfare of others. Protecting natural resources,donating money, products ways businesses give back to society

Businesses benefit from giving back to the community by providing jobs for local people.

There are six basic consumer rights that are stated in the Consumer Bill of Rights.

Which is not a required element of a legal contract.

Which of the following questions can not be used to analyze if an action is ethical.

is when one or more parties do not follow the agreed terms of a contract without having a legitimate reason.

Which governmental agency enforces laws that uphold truth in advertising?

is an order to remove or repair unsafe products in the market.

which are basic expectations of fair treatment of consumers.

are an individual’s ideas of what is right and wrong.

Confidentiality agreements can Not prevent former employees from working for a competitor for a specified length of time

principles that help define appropriate behavior in a business setting

are rules of behavior based on a group’s ideas about what is right and wrong.

means that all parties involved must agree to the terms of the contract.