mix of last three lmao

Question 1

what is ethics

Answer 1

the standards of moral behavior
behaviors that are accepted by society

Question 2

origination of ethics

Answer 2

-it begins at the top
-mangers are what help instill values in the employess

Question 3

what is the Sarbanes Oxley act of 2002

Answer 3

established new or enhanced standards for all US public company boards, management, and public accounting firmswhat

Question 4

is the Dodd frank Wall Street reform and consumer protection act of 2010

Answer 4

passed in response to the financial crisis of 2008
- comprehensive regulations of financial markets
-consolidation of regulatory agencies
-consumer protection reforms
-tightened regulation of credit rating agencies

Question 5

what are tort laws

Answer 5

governing product liability

Question 6

what are contract laws

Answer 6

about contracts and breaches of contracts

Question 7

what are intellectual property laws

Answer 7

protection of intellectual property(trademark, copyright, patent)

Question 8

what are securities laws

Answer 8

about issuing and selling securities

Question 9

what is the friedman doctrine

Answer 9

so long as then company stays with the law and the rules of the game without deception of fraud, only responsibility is to increase profits

Question 10

what is freeman: a stakeholder theory

Answer 10

that corporations must be seen to bear the responsibilities to all of the individuals their activities affect

Question 11

how do you apply marketing

Answer 11

-by creating awareness
-creating an image
-reaching the target market
-value and purpose
-connecting with your market and building loyalty

Question 12

what is private enterprise

Answer 12

where the market turns self interest into social good
- needs: private property, freedom of choice, right to keep profit, fair competition

Question 13

what is government intervention

Answer 13

the govt. ensures that their is fair competition, private property, freedom of choice, and right to keep profits,
- they promote economic health and connect market failures through legal structure and industry regulation

Question 14

what are the 3 kinds of laws

Answer 14

-common law: judges establish when deciding disputes
-statutory law: enacted by a federal or state legislature
-administrative law: regulations passed by a state and federal administrative agencies

Question 15

criminal vs. civil laws

Answer 15

-criminal laws: dispute between government and individual
- punishment is either fines or imprisonement
-civil laws: dispute between 2 individuals
- punishement is usually fines

Question 16

what are torts

Answer 16

they are civil wrongs inflicted on other people or their property
- include al wrongs that are not a breach of contract (i.e, slander, assault, fraud, product liability)

Question 17

what are alternative dispute resolutions

Answer 17

-arbitration: binding and non-binding
-mediation: always non-binding

Question 18

types of property

Answer 18

-real: anything attached with real estate and private property
-personal: everything else that’s tangible or intangible
-intellectual: has to do with a persons creative activities

Question 19

trademarks???

Answer 19

the symbols uses in order to identify a firm

Question 20

generalized trademark

Answer 20

where the primary meaning of the generalized trademark becomes the product/service itself (i.e. band-aid, Kleenex, etc)

Question 21

what is the uniform commercial code

Answer 21

first published in 1952, it seeks to harmonize the law of commercial transactions in all 50 states

Question 22

what are government roles

Answer 22

-manage money
-take money out of markets (taxing)
-put money into markets
-regulate industries

Question 23

what are industry specific agencies

Answer 23

• FDA: food and drug administration
• ICC: interstate commerce commission
• FCC: federal communications commission
• FERC: federal energy regulatory commission
• FAA: federal aviation administration
• FHA: federal highway administration
• SEC: securities and exchange commission

Question 24

what are cross industry agencies

Answer 24

• FTC: federal trade commission
• CPSC: consumer product safety commission
• OSHA: occupational safety and health administration
• EEOC: equal employment opportunity commission
• EPA: environmental protective agency

Question 25

what are the 9 business model canvas components

Answer 25

1. value proposition
2. customer segments
3. channels
4. customer relationships
5. revenue model
6. key resources
7. key partnerships
8. key activities
9. cost structure : triple bottom line (3 P’s)