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Rama09 [41]
3 years ago
4

An employee has been developing a company product for the last 3 years when he decides to leave the company. That product is a g

lue that remains tacky for hours, enabling certain types of artwork to be performed. After he leaves the company, the employee joins another company and finalizes the glue development for his new company. Who is likely to own the rights of the intellectual property involved in the formulation of the glue?
Business
1 answer:
12345 [234]3 years ago
8 0

Answer:

The options are given below

A. The employee; he invented it.

B. The original company who paid for the product to be developed.

C. The new company because the product was released while the employee worked for them.

D. The glue cannot be considered intellectual property.

The answer is B.

Explanation:

Intellectual property refers to creations/inventions of the mind, they include; inventions, literary and artistic works, symbols, names and images used in commerce,etc.

In the above scenario, the intellectual property here is the glue that has been produced by the employee.

Intellectual property rights include the following:

  • patents,
  • copyright,
  • industrial design rights,
  • trademarks,  
  • trade secrets, etc.

Th rights of an intellectual property can be owned by one or more entities. In the scenario given above however, the intellectual property rights is owned by the first company that sponsored and paid for the glue to be developed, therefore, as the employee leaves, the glue is supposed to remain with the company that paid for it

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Answer:

(b). <u>Increase</u> ;<u> Decrease</u>

Explanation:

When the price of a substitute good rises, then it becomes more profitable for suppliers to shift to the other good. Therefore the supply of given good decreases, and the supply curve shifts leftward.

For example, if you're a textile manufacturer who produces cotton and silk clothes if the price of silk rises you'll reduce cotton production to divert resources towards silk. Therefore the demand for cotton clothes reduces.

Due to the leftward shift of the supply curve, the equilibrium price increases and equilibrium quantity decreases.

So we can conclude that an increase in the price of a substitute good will cause the equilibrium price of its substitute to <u>increase</u> and the equilibrium quantity to <u>decrease.</u>

Hence, the option (b) is the correct option.

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Answer:

C) Manufacturing Overhead 9,500 DEBIT

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Explanation:

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Then t will be debited to factory overhead. So once the period is concluded this account will have a balance equal to the difference in application of overhead (credit) and the actual cost incurred (debit)

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Kathy knows from her economics class that to isolate the effects of a particular phenomenon, all other things must remain the sa
Citrus2011 [14]

Answer:

Ceteris paribus

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EOQ = √[(2 x $21 x 11,160) / $9.80] = 218.7 ≈ 219 shoes

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