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Social Responsibility 2


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Social Responsibility 2

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