Intro to Business Notes

4.1

Social responsibility- refers to the duty of a biz to contribute to the well-being of a community
Non-renewable resource, a natural resource that cannot be replaced when used up
Workplace diversity
ADA (Americans with disabilities)
Age discrimination Act
Job Safety, enforced by occupational safety and Health Administration (OSHA)
Ethics, principles of morality or rules of conduct
Business EThics, rules about how business and their employees ought to behave
Code of Ethics, A set of rules for guiding the actions of employees or members of an organization
Patent, gives inverter the sole right to make, use, or sell and item(utility patent-most common and for 20 years)
Copyright, protects the creative work of authors composers, and artists
Trademark, word letter or symbol linked with a specific company or product
One for one

4.2

Katy Perry was sued by Marcus Gray, who claimed that her song “Dark Horse” copied a riff from his song “Joyful Noise”
Interstate, business dealings involving multiple states
Intrastate, business that deals in one state
Contract, an agreement to exchange goods or services for something of value, usually money
Public utility, an organization(can be government of privately owned) that supplies a service or product vital to all people
Monopoly, exists when a business has control of the market for a product or devices
Antitrust laws. laws that prevent unfair business such as false advertising, deceptive pricing, and misleading labels

4.3