Social Structure

question 108

Multiple Choice

Social structure

• A) determines our job choices.
• B) demands our respect.
• C) burdens our behavior.
• D) guides our actions.
• E) predicts our behavior.

Recognize the significance of secondary meaning in trademark protection.

Know the prerequisites for using trademark designations.

Differentiate between state and federal protections for trade secrets.

Understand exceptions and limitations to copyright infringement.

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Definitions:

Earnings Per Share

A measure of a company's profitability calculated by dividing its net income by the number of outstanding shares of its common stock.

Net Profit Margin Ratio

A profitability ratio calculated by dividing net income by net sales, showing how much profit a company makes for every dollar of its sales.

Gross Sales Revenue

the total amount of sales generated by a business before any deductions are made.

Sales Returns

Sales Returns represent the goods returned by customers to the seller, which leads to a reversal of sales revenue.