NATIONAL DIFFENCES

2. set certain safety standards to which a product must adhere
4. based on tradition, precedent, and custom
6. strategy, or course of action, that does not violate these accepted principles.
8. a system of values and norms shared among a group of people and, when taken together, constitute a design for living
10. legal rights over the use to which a resource is put and over the use made of any income derived from that resource.
15. Goods and services a country produces and the quantity in which they are produced is determined by supply and demand
17. Accepted principles of right or wrong that govern conduct of a person, members of a profession, or actions of an organization

1. holds a firm and its officers responsible when a product causes injury, death, or damage
2. theft, piracy, blackmail, and the like by private individuals or groups
3. based on detailed set of laws organized into codes
4. ethics are culturally determined, and firms should adopt ethics of the cultures in which they operate
5. Includes some elements of market economies and some elements of command economies
7. give inventor exclusive rights to the manufacture, use, or sale of that invention
8. exclusive legal rights of authors, composers, playwrights, artists, and publishers to publish and dispose of their work as they see fit
9. a business’s formal statement of ethical priorities
11. designs and names, often officially registered, by which merchants or manufacturers designate and differentiate their products
12. a group of people sharing a common set of values and norms
13. Political system in which government is by the people, exercised either directly or through elected representatives
14. based on religious teachings.
16. situation in which no course of action is absolutely acceptable from an ethical or moral perspective.