Principles of Business, Unit 1: Chapter 4

This list focuses on the social responsibility of business and government (Unit 1, Chapter 4).

Here are links to all the chapters of Unit 1, Business in the Global Economic Environment: Chapter 1, Chapter 2, Chapter 3, Chapter 4

Here are links to all the units of the business textbook published by South-Western Cengage Learning: Unit 1, Unit 2, Unit 3, Unit 4
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Full list of words from this list:

words only definitions & notes
  1. social
    relating to human society and its members
  2. responsibility
    the social force that binds you to a course of action
  3. renewable
    capable of being replaced
  4. ethics
    the philosophical study of moral values and rules
  5. code
    a set of rules or principles or laws
  6. contract
    a binding agreement that is enforceable by law
  7. patent
    a document granting an inventor sole rights to an invention
  8. copyright
    the exclusive right to sell a work
  9. trademark
    a registered symbol identifying a product's manufacturer
  10. utility
    a company that performs a public service
  11. monopoly
    a market in which there are many buyers but only one seller
  12. trust
    a group of organizations formed to limit competition
  13. competition
    business relation in which two parties vie to gain customers
  14. advantage
    the quality of having a superior or more favorable position
  15. regulation
    an authoritative rule
  16. agent
    a representative who acts on behalf of others
  17. conservation
    careful management of the environment and natural resources
  18. maintenance
    activity involved in keeping something in good working order
  19. clerk
    an employee who performs office work
  20. scientist
    a person with advanced knowledge of empirical fields
  21. engineer
    a person who uses scientific knowledge to solve problems
  22. concern
    something that interests you because it is important
  23. pollution
    contamination of the natural environment
  24. accommodate
    provide with something desired or needed
  25. discrimination
    unfair treatment of a person or group based on prejudice
  26. bias
    a partiality preventing objective consideration of an issue
  27. conflict
    a state of opposition between persons or ideas or interests
  28. occupational
    relating to an activity or job for which you are trained
  29. hazard
    a source of danger
  30. awareness
    the state of having knowledge of something
Created on Thu Oct 20 16:39:37 EDT 2016 (updated Thu Oct 27 12:00:06 EDT 2016)

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