chapter 5

conflict of interest

A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial interest, or otherwise, one of which could possibly corrupt the motivation of the individual or organization.

business risk

A risk, in a business context, is anything that threatens an organization's ability to generate profits at its target levels; in the long term, risks can threaten an organization's sustainability.

trademark

A trademark, trade mark, or trade-mark is a recognizable sign, design, or unique expression related to products or services of a particular source from those of others, although trademarks used to identify services are usually called service marks. The trademark owner can be an individual, business organization, or any legal entity.

executive summary

An executive summary, or management summary, is a short document

copyright

Copyright the exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same

ethics

Ethics moral principles that govern a person's or group's behavior:

infringement

Infringement the action of breaking the terms of a law, agreement, etc.; violation

integrity

Integrity the quality of being honest and having strong moral principles; moral uprightness

patent

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: Compare with letters patent.

public domain

Public domain · Preferred description Works in the public domain are those whose exclusive intellectual property rights have expired, have been forfeited, or are inapplicable. For example, the works of Shakespeare and Beethoven, and most of the early silent films, are all now in the public domain by either being created before copyrights existed or leaving the copyright term.

business ethics

The definition of business ethics is the set of moral rules that govern how businesses operate, how business decisions are made and how people are treated. In business, there are many different people you have to answer to: customers, shareholders and clients.

transparency

Transparency the condition of being transparent:

universal values

Universal value a value is a universal value if it has the same value or worth for all, or almost all, people. Spheres of human value encompass morality, aesthetic preference, human traits, human endeavor, and social order.

business plan

business plan a plan that sets out the future strategy and financial development of a business, usually covering a period of several years

fair use

fair use (in US copyright law) the doctrine that brief excerpts of copyright material may, under certain circumstances, be quoted verbatim for purposes such as criticism, news reporting, teaching, and research, without the need for permission from or payment to the copyright holder.

intellectual property

intellectual property law a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc.