PRESENTATION OUTLINE
Chapter 4 vocabulary menu
Non-renewable resources: are natural resources that cannot be used replaced once it has been used already.
Pollution- There are many kinds of pollution like air, light, and noise pollution and littering that effects the environment in many bad ways, which is caused by us people.
Ethics- is the conduct of a person, like their morality to something.
Business ethics- are examples on how businesses and their employees are supposed to behave and act.
Code of ethics- are the rules and policies that employees are required to follow that will help with their action toward others.
Interstate commerce- Transits/ deals with companies that occur in MANY states. (more than one)
Intrastate commerce- are transits/ deals with companies that only occurs in ONE state.
Contract- is an agreement on anything like exchanging things like goods or services for value. Most people want an exchange for money.
Criminal case- A court process due to the defendant/criminal doing something that illegal.
Civil case- is when two or more 2 or more parties have a dispute that is legal.
Patent- is when inventor gets the right to make or sell a product for up to 20 years or for only a certain amount of time.
Copyright- protects the work of others and it prevents someone else from copying their idea/work.
Trademark- a picture, word, letter, or symbol that represents a specific company, business, or a product.
Public utility- is an organization that supplies certain services to people.
Monopoly- when a business or company has market power over all their products, like Microsoft, Google, Patents, Facebook and more.
Antitrust laws- is mainly to reduce the amount of competition and protects consumers from anticompetitive merges and acquisitions.
Revenue- Income that people receive from the government. examples like interest income, sales, and fees earned.
Income tax- are levied on the income of individuals of individuals and companies, some examples are labour, capital gains, property tax and more.
Property taxes- is the value that is based on land, buildings, and property. Many people pay property taxes on their houses.
Sales tax- are the state taxes that are put on goods that is calculated by a percentage and that is added to the cost of your purchase.
