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George is a famous water- skier. He uses a distinctive photograph of himself water- skiing for commercial purposes. Media Visions Inc, a public relations firm, copied that photo and made a line drawing out of it. It then used that drawing in a brochure that it prepared for an organization that operated summer camps for children. The brochure did not identify George by name. Nor did it try to associate George with the camp. The brochure was merely intended to inform the public that water- skiing was one of the activities that was offered at the summer camps. Nevertheless, anyone who was familiar with George would immediately recognize that his image was on the brochure. Media Visions may be held liable to George on the basis of a tort known as misappropriation of personality.
Equivalent Units
A concept used in cost accounting to convert partially completed goods into the equivalent of fully completed units.
First-in
A term often used in inventory management that refers to goods sold or used in the same order as they were bought or produced.
Materials
The unprocessed materials and parts employed in goods manufacturing.
Equivalent Units
A method used in cost accounting to express the amount of work done on incomplete units in terms of fully completed units.
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