intro to business chapter 5 quiz

Business plan

Statement of your business goals and details on how you are going to achieve them

Conflict of Interest

Personal considerations and professional obligations that interfere with each other

Copyright vs Patent vs Trademark

A patent protects new inventions and processes for a limited time, a copyright protects original creative works like books and songs, and a trademark protects brand names and logos that identify a source of goods or services

Public Domain

Status of creative works for which the copyright or patent has expired

Transparency

Openness and accountability in business decisions and actions

Code of Ethics

a formal, written set of moral principles and standards that guides behavior, decision-making, and conduct for members of a profession, organization, or group

Infringement

Violating the rights provided by a copyright or patent

Fair Use

Allow use of a copyrighted work without permission or payment