Answer: Creates monopoly power
Explanation: A patent can be defined as an intangible asset the gives its holder the right that no other person in the world can use, sell or produce the unique good or service that has been patented by its inventor.
Thus, the right to produce or use a specific invention by a single person can lead to monopoly in that particular industry.
Hence from the above we can conclude that the right answer is option D.
Answer:
2. True
Bank charges are the various fees account holders are charged in respect of maintenance of the account along with any other charges incurred in respect of specific transactions (e.g. cheque clearance charges, fund transfer charges, collection charges, etc). Bank charges are charged directly to the customer account thereby reducing the bank balance shown in the bank statement. These charges are usually not recorded by the business until the bank provides the bank statement at the end of a month which is why balance as per bank statement may be lower than the cash book balance.
To put the question simply, we need to find out what the value of 23% of $1,595 is: $1,595 / 100 = 15.95 x 23 = $366.85. So, $366.85 is deducted. Hope this helps!
Answer:
The earnings foregone by skipping the two tournaments on the PGA tour is cost of opportunity
Explanation: The cost of opportunity of an economic decision that has several alternatives is the value of the best unrealized option. In other words, it refers to what a business stops earning, when choosing an alternative among several available. In this case are the prizes the golf player lost for not playing the tournments.
