Matching
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a. | social responsibility | f. | contract | b. | non-renewable resource | g. | patent | c. | ethics | h. | trademark | d. | code of ethics | i. | copyright | e. | business
ethics | j. | intellectual
property |
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1.
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Protects creative work of authors, composers, and artists.
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2.
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A natural resource that cannot be replaced when used up.
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3.
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Refers to the duty of a business to contribute to the well-being of a
community.
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4.
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Gives the inventor the sole right to make, use, or sell the item for 17
years.
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5.
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An agreement to exchange goods or services for something of value, usually
money.
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6.
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Rules about how businesses and their employees ought to behave.
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7.
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A word, letter, or symbol linked with a specific company or product.
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8.
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Purely intangible with no physical characteristics.
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9.
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Principles of morality or rules of conduct.
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10.
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Set of rules for guiding actions of employees or members of an
organization.
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True/False
Indicate whether the
sentence or statement is true or false.
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11.
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Socially responsible actions benefit employees and the community while costing
the company nothing.
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12.
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A code of ethics is designed to provide guidelines for proper behavior.
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13.
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Government is the single largest employer in the United States.
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14.
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Government plays a role in all economic systems.
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15.
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If you write an original song, your work can be protected with a patent.
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16.
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Interstate commerce is regulated by the state governments.
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17.
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The major challenge facing businesses today involves learning how to manage a
work force made up of the diverse cultures in society.
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18.
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Top management has little impact on the ethical conduct of a business.
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19.
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A contract is legally binding regardless of the ages of both parties.
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20.
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Larry’s Trucking Company is located in Columbus, Ohio. The company
delivers products to its sole customer, a factory in Toledo, Ohio, twice every day. Both the State of
Ohio and the federal government are responsible for regulating the business actions of Larry’s
Trucking Company.
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Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
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21.
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____ are principles of morality or rules of conduct.
a. | Traditions | b. | Cultures | c. | Customs | d. | Ethics |
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22.
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Which of the following would NOT be considered a utility company?
a. | a telephone company | b. | a gasoline station | c. | a water
works | d. | an electric company |
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23.
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Valid, enforceable contracts must contain consideration, which is defined
as
a. | something of measurable value that must be exchanged by the parties
involved. | b. | wording that is kind and unobjectionable to the parties involved. | c. | the requirement that
the contract must be for a product or service that may be legally sold. | d. | the requirement that
those entering into the contract must be of legal age and mentally
competent. |
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24.
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Fire and police protection is the main responsibility of
a. | federal government | c. | state government | b. | all levels of government | d. | local
government |
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25.
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Antitrust laws are designed to
a. | reduce utility rates | c. | maintain competition and fairness | b. | lower
taxes | d. | create more
jobs |
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26.
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A patent gives an inventor of a new product the sole right to make, use, or sell
the item for
a. | 7 years. | b. | 17 years. | c. | 25
years. | d. | 50 years. |
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27.
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If a company has a code of ethics,
a. | it should be worded in such a way as to stress forbidden actions rather than
acceptable behavior. | b. | employees will always know how to behave under
all circumstances. | c. | the company will more easily be able to
identify proper employee behavior. | d. | all of the above are
true |
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28.
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In the United States, police and fire protection is usually provided by
a. | the local government. | b. | the federal government. | c. | the state
government. | d. | large corporations. |
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29.
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All of the following are non-renewable resources EXCEPT
a. | gas. | b. | coal. | c. | lumber. | d. | oil. |
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30.
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Which of the following is a copyright symbol?
a. | © | b. | ™ | c. | ® | d. | all of the above are types of copyright
symbols |
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