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Chpt 4 Social Responsibility of Business and Government Flashcards | StudBud
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Chpt 4 Social Responsibility of Business and Government
Chpt 4 Social Responsibility of Business and Government
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Chapter 4 Social Responsibility of Business and Government
Flashcards
18 cards
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Questions
18
Answers
1
A natural resources, such as gas, coal, copper, or iron ore, that cannot be replaced once used.
renewable resource
trees
water
non-renewable resource
2
The obligation of a business to contribute to the well-being of a community.
ethics
business law
monopoly
social responsibility
3
A business that supplies a service/product vital to all & price is determined by the government
public utility
restaraunt
monopoly
gas station
4
Principals of morality or rules of conduct...
copyright
morals
ethics
social responsibility
5
The exclusive right given to a person to make, use, or sell an invention for 20 years.
trademark
contract
patent
promise
6
Protection of the work of authors, composers, and artists.
trademark
copyright
patent
art laws
7
Consideration in a contract means,
something of measurable value must be exchanged
the product or service must be legal
you must hold the door open for the other person
you must be mentally competent and of legal age
8
In the US, police & fire protection is usually provided by ______.
the local government
the state government
large corporations
the federal government
9
A word, letter, or symbol associated with a specific product or company.
patent
monopoly
trademark
copyright
10
An agreement to exchange goods or services for something of value.
public utility
patent
secret pact
contract
11
Laws designed to promote competition and fairness and to prevent monopolies.
common laws
criminal laws
antitrust laws
civil laws
12
A statement of values & rules that guides behavior of employees and members of an organization.
vision statement
mission statement
code of ethics
trademark
13
A business that has complete control of the market for a product or service.
bully
contract
monopoly
boss
14
About how many American workers are public employees?
22%
16%
29%
9%
15
Government is the single largest employer in the U.S. economy?
true
false
16
Mrs. Leifer is protected by the Age Discrimination in Employment Act because she is over 40?
true
false
17
Rules about how businesses and their employees ought to behave.
social responsibility
ethics
code of ethics
business ethics
18
Government plays a role in all economic systems?
false
true
