2609380
| Question | Answer |
| Copyright | The exclusive and assignable legal right, given to the originator for a fixed number of years, to print, publish, perform, film, or record literary, artistic, or musical material. |
| Patent | A government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention. |
| Trademarks | A symbol, word, or words legally registered or established by use as representing a company or product. |
| Adding Value | The enhancement a company gives its product or service before offering the product to customers. |
| Qualitative | Relating to, measuring, or measured by the quality of something rather than its quantity. |
| Quantitative | Relating to, measuring, or measured by the quantity of something rather than its quality. |
| Contribution | The difference between sales and variable costs of production. |
| Incorporated Business | There is a clear legal distinction between the owner and the business. |
| Unincorporated Business | There is no legal distinction between the owner and the business. |
| Limited Liability | This is where the business goes into debt and cannot exceed the amount invested into the business. |
| Unlimited Liability | This debt means that personal belongings can be taken to repay the full amount the business owes. |
| Primary Sector | Extraction of raw materials to use from land or sea. |
| Secondary Sector | Transformation of raw materials into the nearly finished product or the fully finished product. |
| Tertiary Sector | Selling of the final product or supplying the service. |
| Break-even Analysis | Is the estimation and forecast of the break-even point of a business to help the business figure out the point where they are not losing or gaining money. |
| Adverse Variance | The actual number doesn't reach or exceeds the budgeted figure and has negative effects on the business. |
| Favorable Variance | The actual number doesn't reach or exceeds the budgeted figure and has positive effects on the business. |
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