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Flashcards - Business Law & Ethics

Flashcards - Business Law & Ethics
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tangible item
Tangible property in law is, literally, anything which can be touched, and includes both real property and personal property , and stands in distinction to intangible property
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Real property
In English common law, real property, real estate, realty, or immovable property is any subset of land that has been legally defined and whose improvements come from human efforts
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Personal property
Personal property is generally considered property that is movable, as opposed to real property or real estate
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Occupational Safety and Health Administration
The Occupational Safety and Health Administration is an agency of the United States Department of Labor
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Constitutional laws
Constitutional law is the body of law which defines the relationship of different entities within a state, namely, the executive, the legislature, and the judiciary
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communication
Communication is the act of conveying intended meanings from one entity or group to another through the use of mutually understood signs and semiotic rules
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Price discrimination
Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are transacted at different prices by the same provider in different markets
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monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity
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market share
Market share is the percentage of a market accounted for by a specific entity
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injunction
An injunction is an equitable remedy in the form of a court order that compels a party to do or refrain from specific acts
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copyright
Copyright is a legal right created by the law of a country that grants the creator of an original work exclusive rights for its use and distribution
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regulatory agency
A regulatory agency is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity
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Family Medical Leave Act
The Family and Medical Leave Act of 1993 is a United States federal law requiring covered employers to provide employees job-protected and unpaid leave for qualified medical and family reasons
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Subject matter jurisdiction
Subject-matter jurisdiction is the authority of a court to hear cases of a particular type or cases relating to a specific subject matter
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Subject matter jurisdiction
Subject-matter jurisdiction is the authority of a court to hear cases of a particular type or cases relating to a specific subject matter
Family Medical Leave Act
The Family and Medical Leave Act of 1993 is a United States federal law requiring covered employers to provide employees job-protected and unpaid leave for qualified medical and family reasons
regulatory agency
A regulatory agency is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity
copyright
Copyright is a legal right created by the law of a country that grants the creator of an original work exclusive rights for its use and distribution
injunction
An injunction is an equitable remedy in the form of a court order that compels a party to do or refrain from specific acts
market share
Market share is the percentage of a market accounted for by a specific entity
monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity
Price discrimination
Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are transacted at different prices by the same provider in different markets
communication
Communication is the act of conveying intended meanings from one entity or group to another through the use of mutually understood signs and semiotic rules
Constitutional laws
Constitutional law is the body of law which defines the relationship of different entities within a state, namely, the executive, the legislature, and the judiciary
Occupational Safety and Health Administration
The Occupational Safety and Health Administration is an agency of the United States Department of Labor
Personal property
Personal property is generally considered property that is movable, as opposed to real property or real estate
Real property
In English common law, real property, real estate, realty, or immovable property is any subset of land that has been legally defined and whose improvements come from human efforts
tangible item
Tangible property in law is, literally, anything which can be touched, and includes both real property and personal property , and stands in distinction to intangible property
liquidation
In United Kingdom and United States law and business, liquidation is the process by which a company is brought to an end, and the assets and property of the company are redistributed
bid rigging
Bid rigging is a form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid
Market allocation
Market allocation or market division schemes are agreements in which competitors divide markets among themselves
mergers
Mergers and acquisitions are transactions in which the ownership of companies, other business organizations or their operating units are transferred or combined
Consumer protection
Consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace
strict liability
In law, strict liability is a standard for liability which may exist in either a criminal or civil context
Administrative law
Administrative law is the body of law that governs the activities of administrative agencies of government
writ of habeas corpus
Habeas corpus is a recourse in law whereby a person can report an unlawful detention or imprisonment before a court, usually through a prison official
National Labor Relations Board
The National Labor Relations Board is an independent US government agency with responsibilities for enforcing US labor law in relation to collective bargaining and unfair labor practices
Chapter 11
Chapter 11 is a chapter of Title 11 of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States
Chapter 7
Chapter 7 of the Title 11 of the United States Code governs the process of liquidation under the bankruptcy laws of the United States
fair use
Fair use is a US legal doctrine that permits limited use of copyrighted material without acquiring permission from the rights holders
competition
Competition is, in general, a contest or rivalry between two or more organisms, animals, individuals, economic groups or social groups, etc
sustainability
In ecology, sustainability is the property of biological systems to remain diverse and productive indefinitely

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