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Responsible Business flashcards
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- What is meant by “Sole-proprietor structure” in this lesson?Business Structures and Governance
- A sole-proprietor structure centers on one owner's business, with legal treatment depending on jurisdiction.
- What is meant by “Partnership structure” in this lesson?Business Structures and Governance
- A partnership involves an arrangement among partners with rights and liabilities governed by agreement and law.
- What is meant by “Corporate structure” in this lesson?Business Structures and Governance
- A corporate structure creates an entity with legally defined ownership and governance under applicable rules.
- What is meant by “Limited-liability condition” in this lesson?Business Structures and Governance
- Liability limits depend on structure, facts, obligations, and applicable law rather than absolute immunity.
- What is meant by “Governance” in this lesson?Business Structures and Governance
- Governance defines decision rights, oversight, and accountability.
- What is meant by “Professional verification” in this lesson?Business Structures and Governance
- Verification seeks qualified guidance or official rules for context-specific decisions.
- What is meant by “Contract” in this lesson?Contracts and Intellectual Property
- A contract establishes enforceable obligations when relevant legal requirements are met.
- What is meant by “Trademark” in this lesson?Contracts and Intellectual Property
- A trademark identifies source under applicable legal conditions.
- What is meant by “Copyright” in this lesson?Contracts and Intellectual Property
- Copyright protects qualifying expression under applicable rules, not every underlying idea.
- What is meant by “Patent” in this lesson?Contracts and Intellectual Property
- A patent grants defined rights for qualifying inventions under its legal system.
- What is meant by “Confidential information” in this lesson?Contracts and Intellectual Property
- Confidential information is restricted under appropriate arrangements and duties.
- What is meant by “Permission and licensing” in this lesson?Contracts and Intellectual Property
- Permission or licensing specifies allowed uses of rights or materials.
- What is meant by “Business ethics” in this lesson?Ethics and Sustainability
- Ethics examines right conduct and responsibilities in organizational decisions.
- What is meant by “Conflict of interest” in this lesson?Ethics and Sustainability
- A conflict arises when competing interests could compromise a responsibility or judgment.
- What is meant by “Sustainability” in this lesson?Ethics and Sustainability
- Sustainability considers the persistence and environmental or social effects of activity.
- What is meant by “Greenwashing” in this lesson?Ethics and Sustainability
- Greenwashing misrepresents environmental performance through misleading claims.
- What is meant by “Stakeholder trade-off” in this lesson?Ethics and Sustainability
- A trade-off occurs when improving one stakeholder outcome burdens another.
- What is meant by “Transparent reporting” in this lesson?Ethics and Sustainability
- Reporting makes methods, scope, results, and limits inspectable.