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Definition
| A natural resource that cannot be replaced when used up. |
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Term
| Examples of Non-Renewable resources |
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Definition
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| Age Discrimination in Employment Act |
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Definition
| Protects all persons aged 40 and older from employers who attempt to use age as a basis for employment decisions. |
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Definition
| Principles of morality or rules for conduct |
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Definition
| Saving scarce natural resources |
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Definition
| Occurs when the environment is tainted with the by-products of human actions. |
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| Occupational Safety and Health Administration (OSHA) |
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Definition
| Work safety standards are regulated and enforced in the United States |
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Definition
| A set of rules for guiding the actions of employees or members of an organization. |
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| Ethical Conduct Guidelines |
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Definition
1. Is the action legal?
2. Does the action violate professional or company standards?
3. Who is affected by the action and how? |
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Term
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Definition
1. Providing services to citizens
2. Regulating utilities
3. Hiring public employees
4. Buying goods and services
5. Protecting citizens, consumers, businesses, & workers
6. Providing information and support to businesses |
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Term
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Definition
| Business dealings involving companies that do business in more than one state (Regulated by the federal government) |
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Term
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Definition
| Business dealings involving companies that do business in only one state (Regulated by only the state government) |
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Definition
Police & fire protection
County boards
City/town councils |
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Term
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Definition
| An offer must be made, and an acceptance must occur |
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Term
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Definition
| Something of measurable value must be exchanged by the parties involved |
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Term
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Definition
Brought for violations of criminal law.
Ex. Shoplifting |
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Term
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Definition
| A plaintiff (person who is suing) who asks the courts to take action against a defendant (person being sued) |
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Term
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Definition
| Purely intangible, with no physical characteristics (a person cannot touch it) |
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Term
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Definition
| Gives the inventor the sole right to make, use, or sell the item for 20 years |
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Term
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Definition
Protects the creative work of authors, composers, and artists
Identified with a symbol © |
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Term
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Definition
A word, letter, or symbol linked with a specific company or product
Ex. K-State, KU, Nike |
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Term
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Definition
An organization that supplies a service or product vital to all people.
Ex. Water works, Electricity, Local telephone service
NOT- Gas Station, Wal-Mart |
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Term
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Definition
Exists when a business has control of the market for a product or service.
Ex. One company owned all of the grocery stores in your state |
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Term
| Ways the Governemt gets involved in Business Activities |
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Definition
Regulating utilities
&
Preventing unfair business practices |
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Term
| In the United States, total government purchases of goods and services make up about ____________ of all the goods and services the country produces. |
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Definition
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Term
| About how many American workers are public employees? |
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Definition
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Term
| Property tax revenue pays for things such as: |
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Definition
Schools
Police protection
Community parks |
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Term
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Definition
| A state or local tax on goods and services that is collected by the seller |
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Term
| How does the government borrow money? |
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Definition
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Term
| What are some sources of Government revenue? |
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Definition
Taxes
Borrowing
Fines for traffic violations
Fees
Licenses (driving, fishing, hunting) |
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Term
| Three examples of intellectual property |
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Definition
Trademarks
Patents
Copyrights |
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Term
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Definition
| Those entering into the contract must be of legal age and must be mentally competent. |
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Term
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Definition
| The contract must be for a product or service that may be legally sold |
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