The Legal Environment

2. a document that dictates how business will be conducted
6. contract to rent something
7. how the owners of a company think, feel, and act as a business
10. basic expectations of fair treatment of consumers
12. an individual's ideas of what is right and wrong
16. order to remove or repair unsafe products from the market
17. confidential information a company needs to keep private and protected from theft
18. specific information about a company or its employees that is never to be shared, except with those who have clearance to receive it.
19. honesty of a person's actions
20. handbook that outlines expectations of employee behavior
21. when an employee uses private company proprietary information to purchase company stocks or other securities for personal profit
22. a person is legally able to enter into a binding contract
23. making any untrue statement
24. legally binding agreement between two or more people or businesses
26. any work created by company employees on the job that is owned by that company

1. when one or more parties do not follow the agreed upon terms of the contract without having valid reason
3. overstating the features and benefits of a product or service, or making false claims about them
4. element of a contract stating that something of value must be promised in return
5. an element of a contract that is a proposal to provide a good or service
8. number assigned by the IRS for tax purposes
9. actions taken by a company to promote social good in their community
10. regulates how contracts are written, executed, and enforced
11. describes the terms of employment between a business and its employee
13. lists the goods or services provided by a business and the price the customer paid in exchange
14. the element of a contract stating all parties must agree to the terms of the contract
15. rules of behavior based on a group's idea of what is right and wrong
25. promoting the welfare of others, often charitably