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POBF 2.05 Responsible Actions for Conducting Business Vocabulary

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Social responsibilityThe duty of a business to positively impact communities.
EthicsPrinciples of morality or rules of conduct.
PatentThe exclusive rights of an inventor to make, sell, and use a product or process.
TrademarkProtection of a distinctive name, symbol, word, picture, or combination of these, that a company uses to identify products or services.
CopyrightProtection of the creative work of authors, composers, and artists.
MonopolyExists when one business has control of the market for a product or service.
Antitrust lawsIntended to prevent unfair business practices such as false advertising, deceptive pricing, and misleading labeling.
ContractAn agreement to exchange goods or services for something of value, usually money.
Employee WellnessPrograms offered to employees to help maintain a healthy workforce
Job SafetyEnsuring work environments have minimal risk of accidents
Workplace DiversityCompany makes efforts to recruit and hire employees representing a variety of groups (gender, ethnicity, age, etc.)
Environmental ProtectionActions that conserve natural resources, reduce pollution, recycle waste, etc.


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