Chapter 4 Principles of Business

Front

To be valid and enforceable, contracts must be in writing and signed by both parties.

Back

False

Front

A logo is a trademark linked with a specific company or product.

Back

True

Front

The Age Discrimination in Employment Act protects people once they reach age 65.

Back

False

Front

Intrastate commerce involves companies doing business in only one state.

Back

True

Front

When a business controls the market for a product or service, it has a monopoly.

Back

True

Front

Is Wal-Mart the single largest employer in the United States?

Back

False

Front

The government's sole (only) source of income is taxes, such as income, property, and sales taxes.

Back

False

Front

A business's duty to contribute to the well-being of the community is its social responsibility.

Back

True

Front

Results in an unfair benefit

Back

conflict of interest

Front

Save scarce natural resources

Back

conservation