Showing posts with label legal life. Show all posts
Showing posts with label legal life. Show all posts

Saturday, October 10, 2020

An exclusive 20-year right to manufacture a product or to use a process is a:

An exclusive 20-year right to manufacture a product or to use a process is a:



A) Patent.

B) Copyright.

C) Trademark.

D) Franchise.


Answer: A


The legal life of a patent is:



A) Forty years.

B) Twenty years.

C) Life of the inventor plus fifty years.

D) Indefinite.


Answer: B


The exclusive right to benefit from a creative work, such as a film, is a:



A) Patent.

B) Copyright.

C) Trademark.

D) Franchise.


Answer: B

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio? A) Increase ...