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Andrew [12]
3 years ago
6

Multiple Choice Question 185 A patent a. is nonrenewable. b. is rarely subject to litigation because it is an exclusive right. c

. has a legal life of 40 years. d. can be renewed indefinitely.
Business
1 answer:
PilotLPTM [1.2K]3 years ago
4 0

Answer:

The correct answer is letter "A":  is non-renewable.

Explanation:

A patent is a grant given to inventors over their creations so others cannot use, copy, either exploit the creation without the explicit permission of the inventor. Patents are non-renewable concessions that are usually provided for twenty (20) years, counted from the date when an application for the new invention is submitted to the U.S. Patent and Trademark Office (USPTO).

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Monique Products, a web-based company, maintains no manufacturing facilities. As orders come in, the company contracts with othe
Sonbull [250]

Answer:

The correct answer is: a virtual corporation.

Explanation:

Virtual corporations are becoming more common with the massification of the internet and communications. They are generally companies that are dedicated to the commercialization of products and generate a massive movement in the network that allows them to be in the "voice to voice" of people. They do not have physical facilities, which saves them expenses such as leasing and public services, and the contracted staff is minimal. These companies are based on the strategy of fast and massive shipments through transport companies in order to satisfy the needs of their clients.

8 0
3 years ago
Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the com
LiRa [457]

Answer:

$1,107,793.41

Explanation:

The value of the payment today can be ascertained using the present value of an annuity due formula since the first payment is immediate as shown thus:

PV=monthly payment*(1-(1+r)^-n/r*(1+r)

monthly payment=$12,500

r=monthly interest rate=6.48%/12=0.0054

n=number of monthly payments in 10 year=10*12=120

PV=$12,500*(1-(1+0.0054)^-120/0.0054*(1+0.0054)

PV=$12,500*(1-(1.0054)^-120/0.0054*(1.0054)

PV=$12,500*(1-0.524003627 )/0.0054*1.0054

PV=$12,500*0.475996373 /0.0054*1.0054

PV=$1,107,793.41

6 0
3 years ago
Label each scenario with the term that best describes it. Use the midpoint method when applicable. Marcel Duchamp was a famous a
Masteriza [31]

Answer:

  • Paul Donut Franchisee : Perfectly Elastic Supply
  • P & G Facial Tissues : Elastic Supply
  • Papermate Pens : Inelastic Supply
  • Bright Ideas Lightbulbs : Perfectly Inelastic Supply

Explanation:

Price Elasticity of Supply is sellers' quantity supplied response to price change. P(Es) = % change in supply / % change in price.

Supply can be classified by Price Elasticity of Supply, as undermentioned :

  1. Elastic Supply : P(Es) > 1 ; % change in supply > % change in price
  2. Inelastic Supply :  P(Es) < 1 ; % change in supply < % change in price
  3. Unitary Elastic : P (Es) = 1 ; % change in supply = % change in price
  4. Perfectly Elastic Supply : P(Es) = ∞ ; Supply responds infinitely to any slight price change & so prices are constant.
  5. Perfectly Elastic Supply : P (Es) = 0 ; Supply responds negligibly to massive price change & so quantity supplied is constant
  • Paul Donut Franchise : Unlimited Supply at constant price, so supply perfectly elastic
  • P & G facial tissues : % change in supply i.e 66% > % change in price i.e 10% , so supply is elastic
  • Papermate pens : % change in supply i.e 10 % < % change in price i.e 15% , so supply is inelastic
  • Bright Ideas Lightbulbs : % change in supply 15% negligible in relation to 400% price change , so supply is perfectly inelastic
6 0
3 years ago
To pay for college, Henry received the following: $1,000 scholarship from the Thespian Club to pay for books $4,000 scholarship
Alika [10]

Answer:

$5,000

Explanation:

Money received as scholarship and used to pay for tuition or related expenses is not included in the gross income. So the $1,000 scholarship from the Thespian Club and the $4,000 scholarship from the Elks Lodge are not taxable. The only taxable income that Henry earned is the $5,000 that he was paid for being a dorm supervisor.

6 0
3 years ago
Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri'
kvv77 [185]

Answer:

$46,666.67

Explanation:

Henri earned a salary of $50,000 in 2001

He earned $70,000 in 2006

The consumer price index in 2001 was 177 and in 2006 was 265.5

Therefore his salary in 2001 can be calculated as follows

= 70,000/265.5 × 177

= 263.65 × 177

= 46,666.67

3 0
3 years ago
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