| A | B |
|---|
| social responsibility | refers to the duty of a business to contribute to the well-being of a community |
| non-renewable resource | a natural resource that cannot be replaced when used up. Ex: gas, oil and minerals, such as copper and iron ore. |
| 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 actions of employees or members of an organization |
| contract | an agreement to exchange goods or services for something of value, usuallly money |
| patent | the exclusive right of an inventor to make, sell, and use a product or service |
| copyright | protects the creative work of authors, composers and artists |
| trademark | a word, letter, or symbol linked with a specific company or product |
| public utility | an organization that supplies a service or product vital to all people including companies that provide local telephone service, water, and electricity. |
| monopoly | when a business has control of the market for a product or service |
| antitrust laws | laws that prevent unfair business practices such as false advertising, deceptive pricing, and misleading labeling |
