Principle Of Business

Test Description: Business Law and Social Responsibility

Instructions: Answer all questions to get your test result.

1) A ____ is a legally binding agreement between two or more people or businesses

2) A(n) ____ is a proposal to provide a good or service.

3) Something of value promised in a contract is called ____.

4) ____ means that a person is legally able to enter into a binding agreement.

5) Promoting the welfare of others is called ____.

6) A(n) ____ is a contract to rent something.

7) When one or more parties do not follow the agreed terms of a contract without having a legitimate reason a ____ occurs.

8) A(n) ____ contract lists the products or services provided by a business and the price the customer pays in exchange.

9) Principles that help define appropriate behavior in a business setting are ____.*

10) ____ is a document that dictates how business should be conducted.


*select an answer for all questions

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