PBM Chapter 4 Vocab

Front

Social responsibility:

Back

A duty to maintain balance between economy and ecosystems.

Front

Non-renewable resource

Back

Found inside the earth, formed over millions of years (oil, natural gas, coal, fossil fuels).

Front

Ethics

Back

Moral principles governing behavior or activity.

Front

Business ethics: A framework for businesses to gain public acceptance.

Back

Provide a basic framework that businesses may choose to follow to gain public acceptance.

Front

Code of Ethics

Back

Guides actions & decisions of employees/members.

Front

Worker Protection

Back

safe, non-discriminating work conditions

Front

Contract Enforcement

Back

Exchange goods and services for something of value ($)

Front

Contract

Back

A written or spoken agreement concerning employment, sales, or tenancy, intended to be enforceable by law.

Front

Patent

Back

Exclusive right for an invention, providing a new way of doing something or a new technical solution.

Front

Copyright

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A legal right by law granting creators exclusive rights for use and distribution of original works.