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Personal Finance 4-1 & 4-2

AB
Social Responsibilityrefers to the duty of a business to contribute to the well-being of a community
ConservationSaving scarce natural resources such as a lumber company replanting 2 trees for every 1 they cut down. Some natural resources cannot be replaced such as oil, gas, copper and iron ore.
PollutionOccurs when the environment is tainted with the by-products of human actions.
Occupational Safety and Health Administration (OSHA)Governmental agency which enforce laws passed by congress to make workplaces safe.
Business Ethicsare rules about how businesses and their employees ought to behave
Code of Ethicsa set of rules for guiding the actions of employees of an organization
Patentsgives the inventor the sole right to make, use, or sell the item for 20 years
Copyrightprotects the creative work of authors, composers, and artists
Trademarksare word, letter or symbol linked with a specific company or product
Contractsagreements to exchange goods or services for something of value, usually money.


Joe O'Sullivan

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