Principles of Business Chapter 3 Review

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

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

Agreeing to the terms of a contract is ________.

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

A contract to rent something

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

Never sharing specific information about a company or its employees

Overstating the features and benefits or products is ________.

Behaving with sensitivity to social, environmental, and economic issues

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

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

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

Legally able to enter into a binding agreement

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

Environmental laws and regulations apply to ___

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

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

Businesses are required by federal law to give all workers

A proposal to provide a good or service

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

A legally binding agreement between two or more people of businesses

Something of value promised in return for good or service

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

Promoting the welfare of others

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

Businesses are expected to demonstrate ethical behavior __________.

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

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

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

An individual's ideas of what is right and wrong

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