Social Responsibility Two

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Social Responsibility Two

  1. 1. Social Responsibility Chapter 4 Second slideshow By: Kelsey Winchester
  2. 2. Patent <ul><li>A Patent gives the inventor sole right to make, use, or sell the item for 17 years. </li></ul><ul><li>The IPod patent was established in 1979. </li></ul>
  3. 3. Copyright <ul><li>A copyright protects the creative work of authors, composers, and artists. This is important for businesses so no one can take credit for what they have done. </li></ul>
  4. 4. Trademark <ul><li>A trademark is a word, letter, or symbol linked with a specific company or product </li></ul><ul><li>Examples- </li></ul><ul><li>Abercrombie and Fitch- moose </li></ul><ul><li>American eagle- eagle </li></ul><ul><li>AFLAC- a duck </li></ul>
  5. 5. Monopoly <ul><li>A Monopoly exists when a business has control of the market for a product or service. This is bad for business because that business would run all the other businesses out of business. A near monopoly today was Toll Road. </li></ul>
  6. 6. US Tax Rates <ul><li>The US tax rates for personal income depends on how much you make. If you make between 0 to 8,000 its 10%, 8,000 to 32,000 its 15%, and so on. </li></ul>
  7. 7. Property Taxes <ul><li>Property tax is based on the value of land and buildings and most property tax revenue is used to pay for schools and other local government services. Businesses also pay a property tax. </li></ul>
  8. 8. Gift Tax <ul><li>The tax on money or property that one living person gives to another.  </li></ul>

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