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IBT CH 04-1 SOCIAL RESPONSIBILITY

AB
antitrust lawslaws designed to promote competition
business ethicsrules about how businesses and their employees ought to behave
code of ethicsstatement of values and rules guiding behavior
contractagreement to exchange goods or services for something of value
copyrightprotection of the work of authors, composers, and artists
ethicsprinciples of morality or rules of conduct
monopolya business that has complete control over the market for a product or service
non-renewable resourcenatural resource such as minerals that cannot be replaced once used up
patentexclusive right to make use or sell an invention for 17 years
public utilityservice or product vital to all people--price set by government
social responsibilityobligation of a business to contribute to the well-being of a community
trademarkwork, letter, or symbol associated with a specific product or company


Business Instructor
Belleville East High School
Belleville, IL

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