Quiz Unit 1.2 and 1.3 Business Law and Ethics

A business owned by one person

A business in which two or more persons combine their assets and skills

Corporation with the benefits of a sole proprietorship, and not many disadvantages.

A business owned by stockholders who share in its profits but are not personally responsible for its debts

partnership in which only one partner is required to be a general partner

An organization that is set up to help those in need but not to make a profit from the business.

Organizational goal to comply with relevant laws and regulations

formal verifications of an organization's financial and operational systems

A permanent reference guide for employers and employees that contains information about a company, its goals and its current employment policies and procedures.

laws that prevent monopolies and promote competition and fairness

limit the amount of information that a firm can obtain about a consumer and specify how that information can be used or shared

intangible creative work that is embodied in physical form and includes copyrights, trademarks, and patents

the exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same.

a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of years (20), in exchange for publishing an enabling public disclosure of the invention.

a type of intellectual property consisting of a recognizable sign, design, or expression which identifies products or services of a particular source from those of others.