Intro to Business - Ch 3 Business Law & Ethics

Overstating the features & benefits of products or making false claims about them.

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

The negotiation of employment terms between employers and union workers.

A legally binding agreement between two or more people or businesses.

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

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

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

When 1+ parties do not follow the agreed terms of a contract w/out having a legitimate reason

Specific info about a company or its employees is never shared, except w/ those who have clearance

Each person who participates in a contract agreement

The honesty of a person's actions.

The number assigned by the IRS for businesses to use for income tax purposes

Handbook that outlines expectations of employee behavior.

A document that dictates how business should be conducted.

A document that dictates how business should be conducted.

A proposal to provide a good or service.

All of the actions taken by a business to promote social good.

A contract to rent something.

Promoting the welfare of others

All parties involved must agree to the terms of a contract.

A document that describes the basic expectations of fair treatment of consumers

Regulates how contracts are written, executed, and enforced.

Confidential information a company needs to keep private and protect from theft.

Rules of behavior based on ideas about what is right and wrong

Behaving with sensitivity to social, environmental, and economic issues.

This contract lists the products/services provided by a business & the price the customer pays

Order to remove or repair unsafe products in the market

A user agrees to the terms of a(n) _ when the software is installed.

Which government agency works to prevent unfair competition and deceptive business practices?

A legally binding agreement between two or more people or businesses

Any work created by company employees on the job that is owned by that company.

Something of value promised in a contract

Principles that help define appropriate behavior in a business setting

Used when two or more individuals create a business.

An individual's ideas of what is right and wrong.