| A | B |
|---|
| antitrust laws | Laws designed to promote competition and fairness and to prevent monopolies. |
| business ethics | Rules about how business and their employees ought to behave. |
| code of ethics | A statement of values and rules that guides the behavior of employees or members of an organization. |
| contract | An agreement to exchange goods or services for something of value. |
| copyright | Protection of the work of authors, composers, and artists. |
| ethics | Principles of morality or rules of conduct |
| monopoly | A business that has complete control of the market for a product or service. |
| non-renewable resources | A natural resource, such as gas, coal, copper, or iron ore, that cannot be replaced once it is used up. |
| patent | The exclusive right given to a person to make, use, or sell an invention for a period of 17 years. |
| public utility | A business that supplies a service or product vital to all people; the price charged for the service (or product) is determined by government regulation rather than by competition. |
| social responsibility | The obligation of a business to contribute to the well-being of a community |
| trademark | A word, letter, or symbol associated with a specific product or company. |
| sales tax | A state or local tax on goods and services that is collected by the seller. |
| revenue | Government income is called |
| taxes and borrowing | Government can obtain revenue through these two actions |
| Americans with Disabilities Act (ADA) | Requires that a company find ways to help workers who are physically challenged |
| property tax | Tax based on the value of land and buildings. |
| income tax | Tax based on the income of the individual. |
