| A | B |
|---|
| Contract Law | Contract law is an area of law that governs oral and written agreements—promises—that involve the exchange of goods, services, money, and/or property |
| Constitutional law | a body of law that addresses issues related to the Constitution and Constitutional rights |
| Probate | the legal process of validating a will and distributing assets to beneficiaries. |
| patent | protects an owner's invention from use and distribution by unauthorized individuals. |
| Due process | the concept that the government must respect all of the legal rights that are owed to individuals and businesses according to the law of the land. |
| Legal procedure | the methods and processes that are used to protect an individual's or business's legal rights |
| joint venture | an arrangement that involves two or more businesses entering into a relationship by combining complementary resources such as technology, skills, capital, or distribution channels for the benefit of all parties. |
| Executive summary | an overview of the entire report and contains the most important information included in the body of the report. |
| Memorandum | frequently used form of brief, written communication exchanged by people within a business. |
| Form utility | usefulness created by changing the shape of a good to make it more useful to customers |
| Place utility | usefulness created by making sure that goods and services are available at a place where they are needed or wanted by customers |
| Time utility | usefulness created when products are made available at the time they are needed or wanted by customers |
| Possession utility | usefulness created when ownership of a product is transferred from seller to user |
| Marginal cost | the change in cost involved in increasing or decreasing production. It is often used to calculate the extra cost of producing one more item |
