Exam 4: Maintaining Good Government Relations and Business Ethics

A tort is a wrongful act by one party that results in injury to a second party's person, property or reputation for which the first party is liable.

Consumerism is an organized effort to protect consumers from the undesirable effects of poorly designed products.

The Small Business Administration provides direct and guaranteed loans for small firms.

There is now a greater effort in small firms to hire qualified persons without regard to race, sex, religion, color, creed, age, or disabilities. This illustrates enlightened _____.

Which of the following is true of police power?

_____ law is administered between two or more citizens.

Where can a small business owner look for a lawyer to deal with government regulations?

Enlightened employee relations involves a concern for employee rights.

The movement to protect the valid interests of consumers is a major force in small business today. What is this movement called?

Describe the two types of bankruptcy.