| A | B |
|---|
| Federal Government | This level of government oversees activities that involve 2 or more states or other countries (foreign & interstate commerce). |
| State Government | This level of government regulates business actions within their own borders (North Shore Connector Project). |
| Local Government | This level of government includes county boards and city or town councils; gov’t provides services needed for an orderly society such as police/fire protection. |
| Social Responsibility | The duty of a business to contribute to the well-being of the community. |
| Non-Renewable Resource | A natural resource that cannot be replaced when it is used up. |
| Ethics | Principles of morality or rules of conduct. |
| Business Ethics | Rules about how businesses and their employees ought to behave. |
| Code of Ethics | A set of rules for guiding the action of employees or members of an organization. |
| Contract | An agreement to exchange goods or services for something of value, usually $$$$$$$$. |
| Patent | The exclusive right of an inventor to make, sell, and use a product or process. |
| Copyright | Protection of the creative work of authors, composers, and artists. Protection lasts for the life of the person and extends for 70 years after the person’s death. |
| Trademark | A distinctive name, symbol, word, picture or combination of these that a company uses to identify goods or services. |
| Interstate Commerce | Business dealings that involve companies in more than one state. |
| Intrastate Commerce | Business dealings that involve companies in one state. |
| OSHA | Federal agency that sets up workplace safety standards. |
| EPA | Federal agency that enforces air quality standards. |
