March 3-9 vocabulary Power pointby:jamesha woodruff
Prototype: • pro·to·type • Noun: A first or preliminary model of something, esp. a machine, from which other forms are developed or copied. Verb: Make a prototype of (a product). Synonyms: archetype - protoplast
Invention • in·ven·tion • Noun: The action of inventing something, typically a process or device. • Something, typically a process or device, that has been invented. • Synonyms: contrivance - fabrication - fiction - device - figment
Patent • pat·ent • Noun: A government authority to an individual or organization conferring a right or title, esp. the sole right to make, use, or sell some... Adjective: Easily recognizable; obvious. Verb: Obtain a patent for (an invention). Synonyms: noun. license - license
Credit • cred·it • Noun: The ability to obtain goods or services before payment, based on the trust that payment will be made in the future: "unlimited credit". Verb: Publicly acknowledge someone as a participant in the production of (something published or broadcast). Synonyms: noun. trust - faith - credence - honors - honor - beliefverb. believe - accredit - trust
Operating Cost • Operating costs can be described as the expenses which are related to the operation of a business, or to the operation of a device, component, piece of equipment or facility.
Fixed cost • fixed costs are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be time-related, such as salaries or rents being paid per month, and are often referred to as overhead costs.
Taxes • Taxes 3rd person singular present, plural of tax plural of tax·is • Noun: A compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of... • The restoration of displaced bones or organs by manual pressure alone. • Verb: Impose a tax on (someone or something): "hardware and software is taxed at 7.5 percent".