DECA Entrepreneurship event Vocab
questions and answers
Sovereign immunity - correct answer ✔✔ a legal concept stating that the courts in
a country represent that country's law and their decisions cannot be reversed by
the decisions of courts in other countries
Eminent domain - correct answer ✔✔ The right of gov. entity to take private
property for a public purpose with fair compensation being paid to the owner
Absolute privilege - correct answer ✔✔ a protection given to the courtroom
participants to encourage people to speak without fear of liability
Social responsibility - correct answer ✔✔ the concept that businesses are
accountable to society and have a duty to contribute to the well-being of society
Tort - correct answer ✔✔ A private wrongdoing against a person or business
Defamation - correct answer ✔✔ Making false statements about another party
with the intent to discredit or hurt the other party's reputation
Infringement - correct answer ✔✔ The action of breaking the terms of a law
agreement; violation
Trespassing - correct answer ✔✔ Entering the owners land or property without
permission
, Privacy - correct answer ✔✔ The state or condition of being free from being
observed or disturbed by other people
Consideration in contract - correct answer ✔✔ One party gives or receives in
exchange for something else
Americans with Disabilities Act (ADA) - correct answer ✔✔ Prohibits businesses
from discriminating against disabled individuals who are qualified to do the job.
Businesses may not ask questions about medical histories, specific diseases,
prescription drug usage, treatment for health problems, etc.
Vocational Rehabilitation Act - correct answer ✔✔ federal law that authorizes the
formula grant programs for vocational rehabilitation, supported employment,
independent living, and client assistance
Fair Labor Standards Act - correct answer ✔✔ establishes minimum wage,
overtime pay, recordkeeping, and youth employment standards affecting
employees in the private sector and in Federal, State, and local governments.
National Labor Relations Act - correct answer ✔✔ to protect the rights of
employees and employers, to encourage collective bargaining, and to curtail
certain private sector labor and management practices, which can harm the
general welfare of workers, businesses and the U.S. economy.
Limited partnership - correct answer ✔✔ permits a partner to invest in a business
but have limited liability and responsibility
questions and answers
Sovereign immunity - correct answer ✔✔ a legal concept stating that the courts in
a country represent that country's law and their decisions cannot be reversed by
the decisions of courts in other countries
Eminent domain - correct answer ✔✔ The right of gov. entity to take private
property for a public purpose with fair compensation being paid to the owner
Absolute privilege - correct answer ✔✔ a protection given to the courtroom
participants to encourage people to speak without fear of liability
Social responsibility - correct answer ✔✔ the concept that businesses are
accountable to society and have a duty to contribute to the well-being of society
Tort - correct answer ✔✔ A private wrongdoing against a person or business
Defamation - correct answer ✔✔ Making false statements about another party
with the intent to discredit or hurt the other party's reputation
Infringement - correct answer ✔✔ The action of breaking the terms of a law
agreement; violation
Trespassing - correct answer ✔✔ Entering the owners land or property without
permission
, Privacy - correct answer ✔✔ The state or condition of being free from being
observed or disturbed by other people
Consideration in contract - correct answer ✔✔ One party gives or receives in
exchange for something else
Americans with Disabilities Act (ADA) - correct answer ✔✔ Prohibits businesses
from discriminating against disabled individuals who are qualified to do the job.
Businesses may not ask questions about medical histories, specific diseases,
prescription drug usage, treatment for health problems, etc.
Vocational Rehabilitation Act - correct answer ✔✔ federal law that authorizes the
formula grant programs for vocational rehabilitation, supported employment,
independent living, and client assistance
Fair Labor Standards Act - correct answer ✔✔ establishes minimum wage,
overtime pay, recordkeeping, and youth employment standards affecting
employees in the private sector and in Federal, State, and local governments.
National Labor Relations Act - correct answer ✔✔ to protect the rights of
employees and employers, to encourage collective bargaining, and to curtail
certain private sector labor and management practices, which can harm the
general welfare of workers, businesses and the U.S. economy.
Limited partnership - correct answer ✔✔ permits a partner to invest in a business
but have limited liability and responsibility
