Social Responsibility 2
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Social Responsibility 2

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Social Responsibility 2 Social Responsibility 2 Presentation Transcript

  • By: Krishna Polasani Principles of Business Social Responsibility
  • Patent
    • A patent gives the inventor the sole right to make, use, or sell items for 17 years,
    • Patent is important because it would prevent other people from making or selling recorders using this process.
    • The IPOD patent was established in 2001.
  • Copyright
    • A copyright protects the creative work of authors, composers, and artists.
    • Copyright is important because it preserves the work of intelligent authors so they would not be copied.
  • Trademark
    • A trademark is a word, letter, or symbol linked with a specific company or product.
    • Examples: McDonalds sign, Cisco sign, and Sony sign
  • Monopoly
    • A monopoly exist when a business has control of the market for a product or service.
    • It is bad because a business could charge high prices for a products or service.
    • Example: USPS, Bellsouth
  • U.S Tax Rates for Personal Income
    • The U.S Tax Rates for Personal Income is 17%
  • Property Tax
    • A major source of revenue is for local governments is the real estates property tax.
  • Sales Tax
    • A sales tax is a state or local tax on goods and services which is collected by the seller.
  • Gift Tax
    • IT is when you give a gift and they tax you. The maximum gift tax is $10,000.