Vocabulary
Concepts
Application
100
protects the creative work of authors, composers, and artists.
What is copyright?
100
the McDonads arches are an example of this.
What is a trademark?
100
this concept refers to a company that only does business in one state.
What is intrastate commerce?
200
usually held by drug companies such as Merck so that they have the sole right to produce a product.
What is a patent?
200
prevent unfair business practices.
What are antitrust laws?
200
the effect of competition is.
What is lower prices?
300
agreement that contains offer, consideration, and acceptance.
What is a contract?
300
the money that is brought in.
What is revenue?
300
the safest type of investment.
What is a government bond?
400
exists when one company has complete control of a market.
What is a monopoly?
400
the money brought in minus expenses.
What is profit?
400
intangible property such as patents, copyrights, and trademarks.
What is intellectual property?
500
an organization that assists businesses by extending loans.
What is the Small Business Administration?
500
the way that government borrows money.
What are bonds?
500
another name for property tax.
What is real estate tax?
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