You Compose a New Song and You Now Have Exclusive

question 43

Multiple Choice

You compose a new song and you now have exclusive rights to sell your song. Of which of the following is this an example?

• A)trademarking
• B)intellectual publication
• C)private domain
• D)copyright

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Definitions:

Fixed Costs

Costs that do not change with the amount of goods or services produced by a business.

Discretionary

Pertains to expenses or investments that are not essential for the operation of a business or the living standards of an individual and can be adjusted or eliminated.

Support Processes

Support processes are the administrative and facility-related activities in an organization that assist in the production of goods or delivery of services but are not directly involved in the primary operations.

Value Chain

A model that describes the full range of activities required to create a product or service, from conception through the different phases of production to eventual delivery to the consumer.