General Business Chapter 3 Test Review

A document that describes the basic expectations of fair treatment of consumers is called what?

Each person who participates in a contract agreement is called a what?

There are 10 basic rights in the Consumer Bill of Rights.

A ______________ is used when two of more individuals create a business

The EPA is a governmental agency that enforces laws regarding human health and the environment.

Which is NOT a type of law that regulate the financial activities of businesses?

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

Eligible employees be allowed to take unpaid, job-protected leave for specified family and medical reasons.

A _______ contract lists the products or services provided by a business and the price the customer pays in exchange.

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

The US Department of Defense enforces workplace laws and regulations.

The negotiation of employment terms between employers and union workers is called what?

A ________ is a proposal to provide a good or service.

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

An antitrust law is a law that supports fair business practices in a free market economy.

A ________ is a document that dictates how business should be conducted.

Promoting the welfare of others is called______

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

Helps increase the scope of cooperation to enforce regulations related to spam, false advertising, and breaches.

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

Something of value promised in a contract is called______.

The Federal Trade Committee works to prevent unfair competition and deceptive acts or practices in business.

Which is NOT a required element of a legal contract?