Principles of Business Chapter 3 Review

___ describes how the owners and employees think, feel, and act as a business

Something of value promised in return for good or service

A company's code of conduct is likely to include rules on _______.

The basic expectations of fair treatment of consumers are contained in the _____.

Labor relations law regulates the relationships between employees and their _____.

Rules of behavior based on a group's ideas of what is right and wrong

A proposal to provide a good or service

Work created by company employees on the job that is owned by the company is ______.

A document that dictates how business should be conducted is a(n) ______.

A contract to rent something

Promoting the welfare of others

Each person who participates in a contract agreement is called a(n)____________.

Environmental laws and regulations apply to ___

Laws that apply to the handling of business debts when a business is no longer profitable are?

Principles that help define appropriate behavior in a business setting are _______.

Which is a contract used when two or more individuals create a business?

Overstating the features and benefits or products is ________.

Businesses are expected to demonstrate ethical behavior __________.

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

Legally able to enter into a binding agreement

The actions taken by a business to promote social goof are called __________.

Which of the following is not a required element of a contract?

A legally binding agreement between two or more people of businesses

The number assigned to businesses for tax purposes by the Internal Revenue Service is a(an) __.

Agreeing to the terms of a contract is ________.

Which law protects employees against discrimination based on race, color, religion, or gender?

The honesty of a person's actions is called _____.

Businesses are required by federal law to give all workers

Behaving with sensitivity to social, environmental, and economic issues

An individual's ideas of what is right and wrong

Never sharing specific information about a company or its employees