Term
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Definition
| principles and standards that determine acceptable conduct in business |
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| a business's obligation to maximize its positive impact and minimize its negative impact on society |
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| an identifiable problem, situation or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical |
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| payments, gifts or special favours that are intended to influence the outcome of decision |
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Term
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| the act of taking someone else's work and presenting it as your own without mentioning the source |
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| formalized rules and standards that describe what a company expects of its employees |
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| the act of an employee exposing an employer's wrongdoing to outsiders, such as the media or government regulatory agencies |
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| the extent to which businesses meet the legal, ethical, economical and voluntary responsibilities placed on them by their stakeholders |
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Term
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Definition
| the activities that independent individuals, groups and organizations undertake to protect their rights as consumers |
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| legal power of a court, through a judge, to interpret and apply the law and make a binding decision in a particular case |
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| determines what laws apply; prior court cases |
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| appeal previous court decisions |
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| connected indirectly through another person or thing; involving an intermediate agency |
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| the use of an independent person or body official appointed to settle a dispute |
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Term
| Federal trade commission (FTC) |
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Definition
| administers antitrust and consumer protection legislation in pursuit of free and fair competition in the marketplace |
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Term
| Uniform commercial code (UCC) |
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Definition
| a set of statutory laws covering several business law topics |
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Term
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Definition
| stipulates the specific terms the seller will honour |
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Term
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Definition
| imposed on the producer or seller by law, although it may not be a written document provided at the time of sale |
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Term
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Definition
| wrongful or criminal deception intended to result in financial or personal gain production, sale and consumption of products |
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Term
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| a written or spoken agreement |
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Term
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| failure or refusal of a party to a contract to live up to his or her promises |
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Term
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| common business relationship created when one person acts on behalf of another and under that person's control |
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Term
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| the one who wishes to have a specific task accomplished |
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Term
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Definition
| the one who acts on behalf of the principal to accomplish the task |
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Term
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Definition
| real estate and everything permanently attached to it |
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Term
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| tangible and intangible items i.e. accounts, receivables, goodwill, trademarks |
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Term
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Definition
| generated by a person's creative activities |
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Term
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Definition
| prohibits contracts, combinations, or conspiracies to restrain trade; establishes as a misdemeanor monopolizing or attempting to monopolize |
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Term
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Definition
| prohibits specific practices such as price discrimination, exclusive dealer arrangements, and stock acquisitions in which the effect may notable lessen competition or tend to create a monopoly |
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