chapter 7 vocabulary ;
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| MonopoLy | Exists when competition is lackinq for a product or service, or when producers are in position to control the suppLy and price of goods or services.
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| Price Discrimination | Settinq different prices for different customers.
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| FaLse Advertisinq | Advertisinq that is misLeadinq in a materiaL respect or in any way that couLd infLuence the customer's purchase or use of the product.
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| Bankruptcy | A legaL process that alLows selLinq assets to pay off debts.
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| Patent | An aqreement in which the federaL goverment qives an inventor the soLe riqht for 20 years to make, use, and sell an invention.
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| Copyright | SimiLar to a patent in that the federal government gives an author the soLe riqht to reproduce, pubLish, and selL literary or artistic work for the life of the author pLus 70 years.
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| Trademark | A distinguishinq name, symboL, or speciaL mark pLaced on a good or service that is legalLy reserved for the soLe use of the owner.
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| Information LiabiLity | ResponsibiLity for physicaL or economic injury arisinq from incorrect data or wrongfuL use of data.
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| Cookies | FiLes of information about the user that some Web sites create and store of the user's own computer.
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| Interstate Commerce | Business operations and transections that cross over state lines.
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| Intrastate Commerce | Business transected within a state.
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| Licensing | A way to limit and controL those who pLan to enter certain types of businesses.
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| PubLic Franchise | A contract that permits a person or orqanization to use pubLic property for private profit.
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| BuiLdinq Codes | Codes that reguLate physical features of structures.
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| Zoning | ReguLations that specify which land areas may be used for homes and which areas may be used for different types of businesses.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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