| A | B |
|---|
| Free Enterprise | The gov't encourages this system of the US |
| Monopoly | exists when there is only 1 producer of goods |
| High prices | These are usually the result of monopolies |
| Competitive pricing | this forces less effecient companies to struggle for survival |
| Sherman Antitrust act | Forbids setting prices between competitors |
| 10 years | How long unpaid debt from a bankruptcy stays on file |
| 20 years | Length of time a patent is for |
| Stealing | Doing this with patents is an acceptable business practice in other countries |
| Copyright | Makes using an author/creators work withot permisssion illegal |
| Nike Swoosh | Example of something that is trademarked |
| defective products | these must be recalled repaired or not sold |
| Incorrect | A financial institutions AND stores are liable for providing correct credit information |
| cookies | files created by companies to track customers on the Internet |
| Intrastate | Commerce within one state |
| Refuse | The gov"t can do this to a company if there are already too many of that business already operating |
| Yes | Can you copyright and license software? |
| regressive tax | as the actual tax rate decreases, the taxable amunt increases |
| Taxes | These are usually much higher in other countries than i the US |
| 6 years | how long a company must wait before filing for bankruptcy AGAIN |
| Crime | It is this for a person to view use or change data in a computer system |
| proportional tax | tax rate is the same across the board |
| Invention | a patent is for someone who has created this |
| Clayton | Forbids tying agreements |
| Wheeeler-Lea | Forbids false advertising |
| bankruptcy | this allows businesses to sell its assets to pay for debts |
| Excuse | Bankruptcy allows for this to happen for debts that cannot be paid or assets sold to pay |
| Japan | This countries patents allow for technology sharing unlike in the US |
| Life plus 70 | The number of years granted for copyrighted work |
| Trademark | legal protection of businesses name or symbol |
| Zoning restrictions | these limit where specific businesses can be located |
| Progressive | this tax rate increases as one's income increases |
| Sales tax | Generally because this applies to urchases rather than income it is considered regressive |
| FTC | Administers most federal laws about unfair competition |
| Interstate Commerce | applies to goods produced in one state and sold in others |
| information liability | responsibility for injury arising from wrongful use of data |
| public franchise | permits a business to use public property for private profit |
| excise tax | levied on selected products, such as gasoline |
