How can we help?

You can also find more resources in our Help Center.

Study sets matching "principles of business chapter 4"

Study sets
Classes
Users

Study sets matching "principles of business chapter 4"

13 terms
Principles of Business, Chapter 4
Antitrust laws
Business ethics
Code of ethics
Conflict of interest
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a set of rules for guiding the action of employees or members…
a situation in which an action by a company or individual res…
Antitrust laws
laws that prevent monopolies and promote competition and fair…
Business ethics
rules about how businesses and their employees ought to behave.
23 terms
Principles of Business, Chapter 4
Antitrust laws
Business ethics
Civil case
Code of ethics
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a legal action in which a plaintiff asks the court to take ac…
a set of rules for guiding the action of employees or members…
Antitrust laws
laws that prevent monopolies and promote competition and fair…
Business ethics
rules about how businesses and their employees ought to behave.
7 terms
Principles of Business Chapter 4-2
Contract enforcement
Elements of a valid contract:
Civil cases
What are three types of intellectual p…
Agreement to exchange goods or services for something of valu…
Agreement, competent parties, consideration, and legality.
Businesses and customers can sue for breach (violation) of co…
Patents, copyrights, and trademarks.
Contract enforcement
Agreement to exchange goods or services for something of valu…
Elements of a valid contract:
Agreement, competent parties, consideration, and legality.
9 terms
Principles of Business Chapter 4-1
Social Responsibility
What are four areas of social responsi…
Examples of environmental protection:
Examples of workplace diversity:
The duty of a business to contribute to the well-being of a c…
Environmental protection, workplace diversity, job safety, an…
Saving scarce resources, limit use of non-renewable resources…
Equality for women, physically challenged, age, and ethnic gr…
Social Responsibility
The duty of a business to contribute to the well-being of a c…
What are four areas of social responsi…
Environmental protection, workplace diversity, job safety, an…
12 terms
Principles of Business- Chapter 4
Social Responsibility
Non-Renewable Reseource
Ethics
Business Ethics
The duty of a business to contribute to the well-being of a c…
A natural resource that cannot be replaced when used up.
principles of morality or rules of conduct.
rules about how businesses and their employees ought to behave
Social Responsibility
The duty of a business to contribute to the well-being of a c…
Non-Renewable Reseource
A natural resource that cannot be replaced when used up.
12 terms
Principles of Business: Chapter 4 Review
Social responsibility
Non-renewable resource
Ethics
Business ethics
the duty of a business to contribute to the well-being of a c…
a natural resource that cannot be replaced when used up
principles of morality or rules of conduct
rules about how business and their employees ought to behave
Social responsibility
the duty of a business to contribute to the well-being of a c…
Non-renewable resource
a natural resource that cannot be replaced when used up
27 terms
Principles of Business, Chapter 4
Antitrust laws
Business ethics
Civil case
Code of ethics
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a legal action in which a plaintiff asks the court to take ac…
a set of rules for guiding the action of employees or members…
Antitrust laws
laws that prevent monopolies and promote competition and fair…
Business ethics
rules about how businesses and their employees ought to behave.
23 terms
Principles of Business, Chapter 4
Antitrust laws
Business ethics
Civil case
Code of ethics
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a legal action in which a plaintiff asks the court to take ac…
a set of rules for guiding the action of employees or members…
Antitrust laws
laws that prevent monopolies and promote competition and fair…
Business ethics
rules about how businesses and their employees ought to behave.
12 terms
Business Principles (Chapter 4)
Antitrust Laws
Business Ethics
Code of Ethics
Contract
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a set of rules for guiding the actions of employees or member…
an agreement to exchange goods or services for something of v…
Antitrust Laws
laws that prevent monopolies and promote competition and fair…
Business Ethics
rules about how businesses and their employees ought to behave.
23 terms
Principles of Business, Chapter 4
Antitrust laws
Business ethics
Civil case
Code of ethics
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a legal action in which a plaintiff asks the court to take ac…
a set of rules for guiding the action of employees or members…
Antitrust laws
laws that prevent monopolies and promote competition and fair…
Business ethics
rules about how businesses and their employees ought to behave.
23 terms
Principles of Business, Chapter 4
Antitrust laws
Business ethics
Civil case
Code of ethics
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a legal action in which a plaintiff asks the court to take ac…
a set of rules for guiding the action of employees or members…
Antitrust laws
laws that prevent monopolies and promote competition and fair…
Business ethics
rules about how businesses and their employees ought to behave.
26 terms
Principles of Business, Chapter 4
Social Responsibility
Non-Renewable Resource
Conservation
Conditions of Work
refers to the duty of a business to contribute to the well-be…
a natural resource that cannot be replaced when used up
saving scarce natural resources
clauses that relate to employee well-being are often included…
Social Responsibility
refers to the duty of a business to contribute to the well-be…
Non-Renewable Resource
a natural resource that cannot be replaced when used up
23 terms
Principles of Business Chapter 4
Antitrust Laws
Business Ethics
Civil Case
Code of Ethics
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave
a legal action in which a plaintiff asks the court to take ac…
a set of rules for guiding the action of employees or members…
Antitrust Laws
laws that prevent monopolies and promote competition and fair…
Business Ethics
rules about how businesses and their employees ought to behave
14 terms
Principles of Business Chapter 4
Employee Theft
Fraud
Lifestyle Merchandizing
Loss
Employee stealing of cash, including voids, post voids, and d…
Means of stealing by trickery, such as stolen credit/debit ca…
Staging products by how the customer will be using the produc…
When assets of a business are stolen or lost due to error. Ca…
Employee Theft
Employee stealing of cash, including voids, post voids, and d…
Fraud
Means of stealing by trickery, such as stolen credit/debit ca…
23 terms
Principles of Business, Chapter 4
Antitrust laws
Business ethics
Civil case
Code of ethics
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a legal action in which a plaintiff asks the court to take ac…
a set of rules for guiding the action of employees or members…
Antitrust laws
laws that prevent monopolies and promote competition and fair…
Business ethics
rules about how businesses and their employees ought to behave.
23 terms
Principles of Business, Chapter 4
Antitrust laws
Business ethics
Civil case
Code of ethics
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a legal action in which a plaintiff asks the court to take ac…
a set of rules for guiding the action of employees or members…
Antitrust laws
laws that prevent monopolies and promote competition and fair…
Business ethics
rules about how businesses and their employees ought to behave.
41 terms
Principles Of Business- Chapter 4
Market
Competitive Market
Perfectly Competitive Market
Price Takers
A group of buyers and sellers of a particular good or service.
A market in which there are so many buyers and sellers such t…
A competitive market in which the goods offered for sale are…
Buyers and sellers in perfectly competitive markets who accep…
Market
A group of buyers and sellers of a particular good or service.
Competitive Market
A market in which there are so many buyers and sellers such t…
12 terms
Principles of Business Chapter 4
Social responsibity
Non-renewable resource
Ethics
Business ethics
Refers to the duty of a busisness to contribute to the well-b…
Is a natural resource that cannot be replaced when used up
Are principles of morality or rules of conduct
Are rules about how businesses and their employees ought to b…
Social responsibity
Refers to the duty of a busisness to contribute to the well-b…
Non-renewable resource
Is a natural resource that cannot be replaced when used up
28 terms
principles of business chapter 4.
Social Responsibility
Conservation
Renewable resource
Pollution
refers to the duty of a business to contribute to the well-be…
saving scarce natural resources
natural resource that cannot be replaced when used up
occurs when the environment is tainted with the by-products o…
Social Responsibility
refers to the duty of a business to contribute to the well-be…
Conservation
saving scarce natural resources
23 terms
Principles of Business, Chapter 4
Antitrust laws
Business ethics
Code of ethics
Conflict of interest
laws that prevent monopolies and promote competition and fair…
rules about how businesses and their employees ought to behave.
a set of rules for guiding the action of employees or members…
a situation in which an action by a company or individual res…
Antitrust laws
laws that prevent monopolies and promote competition and fair…
Business ethics
rules about how businesses and their employees ought to behave.
CHAPTER 4 PRINCIPLES OF BUSINESS
Social Responsibility
Non-renewable Resource
Ethics
Business Ethics
a business must contribute to the well-being of a community.
a natural resource that cannot be replaced when used up
are principles of morality or rules of conduct
are rules about how businesses and their employees should beh…
Social Responsibility
a business must contribute to the well-being of a community.
Non-renewable Resource
a natural resource that cannot be replaced when used up
24 terms
Principles of Business Chapter 4 Vocab
Agreement
Antitrust Laws
Business Ethics
Code of Ethics
An offer must be made, and an acceptance must occur in a cont…
Prevent unfair business practices such as false advertising,…
Rules about how businesses and their employees ought to behave.
A set of rules for guiding the actions of employees or member…
Agreement
An offer must be made, and an acceptance must occur in a cont…
Antitrust Laws
Prevent unfair business practices such as false advertising,…
13 terms
Chapter 4 principles of business
Ethics
Challenge
Business ethics
Ethical dilemma
Sets of beliefs about right and wrong, good and bad
Forming broad agreement on specific ethical standards
Application of right and wrong, good and bad, I a business se…
Decision that involves a conflict of values
Ethics
Sets of beliefs about right and wrong, good and bad
Challenge
Forming broad agreement on specific ethical standards
24 terms
Principles of Business Chapter 4 Social Responsibility and Business Ethics
Antitrust laws
Business Ethics
Civil case
Code of ethics
Laws that prevent monopolies and promote competition and fair…
Rules about how businesses and their employees ought to behave
A legal action in which a plaintiff asks the court to take ac…
A set of rules for guiding the action of employees or members…
Antitrust laws
Laws that prevent monopolies and promote competition and fair…
Business Ethics
Rules about how businesses and their employees ought to behave
13 terms
Principles of Business Chapter 4
Econimc growth
Business cycles
Labor Productivity *and the things tha…
Characteristics of recession
Steady increase in the production in goods\services
Prosperity,Recession,Depression,Recovery
Worker training,management techniques, and improvements in qu…
Ripple effect drop in related businesses,Production weakens…
Econimc growth
Steady increase in the production in goods\services
Business cycles
Prosperity,Recession,Depression,Recovery
48 terms
Unit 1: Organisational principles | Chapter 4: Legal aspects of business
contract
breach of contract
offer
offeror
a specific legally binding agreement between two or more peop…
failure or refusal (by either party) to undertake the require…
the indication by one party to the other that they are willin…
the person making the offer.
contract
a specific legally binding agreement between two or more peop…
breach of contract
failure or refusal (by either party) to undertake the require…
27 terms
Business Principles- chapter 4
Non-Renewable Resource
Americans with Disabilities Act
Worker Protection
Business Ethics
a natural resource that cannot be replaced when used up
prohibits discrimination of people with disabilities and requ…
-Workers have basic right to safe working conditions... -Safety…
Rules about how businesses and their employees ought to behave
Non-Renewable Resource
a natural resource that cannot be replaced when used up
Americans with Disabilities Act
prohibits discrimination of people with disabilities and requ…
34 terms
Principles of Business Ebert Chapter 4
Globalization
Import
Export
North American Free Trade Agreement (N…
process by which the world economy is becoming a single inter…
product made or grown abroad to be sold domestically.
product made or grown domestically but shipped and sold abroad.
agreement to gradually eliminate tariffs and other trade barr…
Globalization
process by which the world economy is becoming a single inter…
Import
product made or grown abroad to be sold domestically.
12 terms
Chapter 4 (Business Principles)
ethics
Compliance-Based Ethics Code
Integrity-Based Ethics Code
whistle blower
The standards of moral behavior. Behaviors that are accepted…
Emphasize preventing unlawful behavior by increasing control…
Define the organization's guiding values, create an environme…
Insiders who report illegal or unethical behavior.
ethics
The standards of moral behavior. Behaviors that are accepted…
Compliance-Based Ethics Code
Emphasize preventing unlawful behavior by increasing control…
25 terms
Business Principles: Chapter 4
Compared to other forms of business ow…
Sole proprietorships typically employ…
Which of the following is an advantage…
Which of the following is an advantage…
True
True
It is easy and inexpensive to form.
Ease of dissolving the business
Compared to other forms of business ow…
True
Sole proprietorships typically employ…
True
25 terms
Business Principles: Chapter 4
Compared to other forms of business ow…
Sole proprietorships typically employ…
Which of the following is an advantage…
Which of the following is an advantage…
True
True
It is easy and inexpensive to form.
Ease of dissolving the business
Compared to other forms of business ow…
True
Sole proprietorships typically employ…
True
12 terms
Business Principles Chapter 4 Vocabulary
antitrust laws
business ethics
code of ethics
contract
opposing or intended to restrain trusts, monopolies, or other…
rules about how business and their employees ought top behave.
a set of rules for guiding the actions of employees or member…
an agreement between two or more parties for the doing or not…
antitrust laws
opposing or intended to restrain trusts, monopolies, or other…
business ethics
rules about how business and their employees ought top behave.
10 terms
Principles of Business Chapter 4 Vocabulary
ethics
business ethics
sweatshops
OSHA
a set of moral principles by which people conduct themselves…
the rules that govern how business should conduct themselves
factories that pay poorly, have unsafe working conditions, an…
a division of the department of labor that sets and enforces…
ethics
a set of moral principles by which people conduct themselves…
business ethics
the rules that govern how business should conduct themselves
24 terms
Principles of Business Chapter 4 Vocab
Agreement
Antitrust Laws
Business Ethics
Code of Ethics
An offer must be made, and an acceptance must occur in a cont…
Prevent unfair business practices such as false advertising,…
Rules about how businesses and their employees ought to behave.
A set of rules for guiding the actions of employees or member…
Agreement
An offer must be made, and an acceptance must occur in a cont…
Antitrust Laws
Prevent unfair business practices such as false advertising,…
40 terms
Principles of Business; summative chapter 4
Pacific Rim
countries involved in Pacific Rim
Foreign investment
Reasons for growth in international bu…
countries who have emerged as big trading nations
China... Singapore... South Korea... Taiwan... Hong Kong
occurs when firms of one country build new plants and facilit…
-profit... -in reaction to what other companies are doing or bec…
Pacific Rim
countries who have emerged as big trading nations
countries involved in Pacific Rim
China... Singapore... South Korea... Taiwan... Hong Kong
17 terms
Principles of Business, Marketing, and Finance - Chapter 4-2
proprietorship
liability
partnership
partnership agreement
a business that is owned and often operated by a single indiv…
legal responsibility
an association of two or more persons who co-own a business w…
written contract that establishes a partnership
proprietorship
a business that is owned and often operated by a single indiv…
liability
legal responsibility
26 terms
Principles of Business Marketing & Finance Chapter 4
for profit business
not for profit organization
producer
extractors
An organization that generates revenue
An organization that exists to serve some public purpose
Business that create goods and services
Businesses or people that take natural recourses from land
for profit business
An organization that generates revenue
not for profit organization
An organization that exists to serve some public purpose
25 terms
Principles of Business Chapter 4 Terms
Business Plan
Sole Proprietorship
Proprietor
Partnership
written guide that helps entrepreneur during the design and s…
business owned and managed by one person
owner manager
business owned by two or more persons
Business Plan
written guide that helps entrepreneur during the design and s…
Sole Proprietorship
business owned and managed by one person
12 terms
Principles of Business Chapter 4 Vocab
Social Responsibility
Non-Renewable Resource
Ethics
Business Ethics
The duty of a business to contribute to the well-being of soc…
A resource that cannot be reused or replaced easily (ex. gems…
Principles of morality or rules of conduct.
Rules about how businesses and their employees ought to behave.
Social Responsibility
The duty of a business to contribute to the well-being of soc…
Non-Renewable Resource
A resource that cannot be reused or replaced easily (ex. gems…
12 terms
Principles of business Chapter 4 Vocabulary
Antitrust Laws
Business Ethics
Code of Ethics
Contract
Laws that prevent unfair business practices such as false adv…
Rules about how businesses and their employees ought to behave
A set of rules for guiding the action of employees or members…
An agreement to exchange goods or services for something of v…
Antitrust Laws
Laws that prevent unfair business practices such as false adv…
Business Ethics
Rules about how businesses and their employees ought to behave
43 terms
Business Management principles Chapter 4
ACCOMMODATIVE STRATEGY
CONCENTRATION OF EFFECT
CONVENTIONAL LEVEL OF MORAL DEVELOPMENT
DEFENSIVE STRATEGY
A social responsiveness strategy in which a company accepts r…
The total harm or benefit that an act produces on the average…
The second level of moral development, in which people make d…
A social responsiveness strategy in which a company admits re…
ACCOMMODATIVE STRATEGY
A social responsiveness strategy in which a company accepts r…
CONCENTRATION OF EFFECT
The total harm or benefit that an act produces on the average…
Principles ob Business chapter 4
Social responsibility
non renewable recource
Ethics
Business ethics
refers to the duty of a business to contribute to the well be…
natural resource that cannot be replaced
principles of morality or rules of conduct
rules about how businesses and employees behave.
Social responsibility
refers to the duty of a business to contribute to the well be…
non renewable recource
natural resource that cannot be replaced
31 terms
Business Principles and Management Chapter 4
Exchange rate
Low-Context Culture
High-Context Culture
English
the value of one country's currency expressed in the currency…
people communicate directly and explicitly
communication occurs through non-verbal signs and indirect su…
________ has become the language of international business
Exchange rate
the value of one country's currency expressed in the currency…
Low-Context Culture
people communicate directly and explicitly
35 terms
Business principles and management chapter 4
International business
Pacific rim
World trade organization (WTO)
Trading bloc
Business activities that occur between two or more countries
Countries on the western edge of the Pacific Ocean
An International organization that creates and enforces the r…
A group of two or more countries who agree to remove all rest…
International business
Business activities that occur between two or more countries
Pacific rim
Countries on the western edge of the Pacific Ocean
5 terms
Principles of Business, Chapter 4-1 Vocabulary
Social Responsibility
Non-Renewable Resource
Ethics
Business Ethics
the duty of a business to contribute to the well-being of a c…
a natural resource that cannot be replaced once used up
principles of morality or rules of conduct
rules about how businesses and their employees ought to behave
Social Responsibility
the duty of a business to contribute to the well-being of a c…
Non-Renewable Resource
a natural resource that cannot be replaced once used up
12 terms
Principles of Business Management Chapter 4 Vocabulary
Social Responsibility
Non-Renewable Resources
Ethics
Business Ethics
The duty of a business to contribute to the well-being of a c…
A natural resource that cannot be replenished.
Principles of morality or rules of conduct.
Rules on how businesses and their employees should behave.
Social Responsibility
The duty of a business to contribute to the well-being of a c…
Non-Renewable Resources
A natural resource that cannot be replenished.
24 terms
Principles of Business Chapter 4 Social Responsibility and Business Ethics
Antitrust laws
Business Ethics
Civil case
Code of ethics
Laws that prevent monopolies and promote competition and fair…
Rules about how businesses and their employees ought to behave
A legal action in which a plaintiff asks the court to take ac…
A set of rules for guiding the action of employees or members…
Antitrust laws
Laws that prevent monopolies and promote competition and fair…
Business Ethics
Rules about how businesses and their employees ought to behave
26 terms
Principles of Business Marketing & Finance Chapter 4
for profit business
not for profit organization
producer
extractors
An organization that generates revenue
An organization that exists to serve some public purpose
Business that create goods and services
Businesses or people that take natural recourses from land
for profit business
An organization that generates revenue
not for profit organization
An organization that exists to serve some public purpose
17 terms
Principles of Business, Marketing, and Finance - Chapter 4-2
proprietorship
liability
partnership
partnership agreement
a business that is owned and often operated by a single indiv…
legal responsibility
an association of two or more persons who co-own a business w…
written contract that establishes a partnership
proprietorship
a business that is owned and often operated by a single indiv…
liability
legal responsibility
48 terms
principles of business chapter 4 study guide
The major challenge facing businesses…
Socially responsible actions benefit e…
Top management has little impact on th…
Government plays a role in all economi…
true
False
False
True
The major challenge facing businesses…
true
Socially responsible actions benefit e…
False
1 of 10