Answer:
The correct answer is <u>trade secret</u>
Explanation:
Trade secret can be considered as any secret or confidential information regarding business that provides a company with a competitive advantage over other company's in the market. Trade secret can be anything like commercial secrets, advertising strategies, recipe formula or manufacturing secrets etc. So therefore by reading the question it is quite clear that the intellectual property protection that keeps the recipe a secret is trade secret.
C serve only as investors, as general partners take on all the risk and operation of the company, while limited partners invest their money, but don’t take part in the decisions of the company.
Hope this helps!
Answer: A) $15,000 overstated
Explanation:
Ending Inventory is subtracted from Cost of Goods sold so an overstated Ending Inventory would mean a smaller Cost of Goods sold and hence an overstated Income.
An Understated Depreciation amount would have the same effect because Depreciation is an expense so understating it would mean less expenses subtracted from Income leading to an overstated income.
As both of them will overstate income, the total overstatement would be;
= 9,000 + 6,000
= $15,000
Answer: False.
Explanation: Roberto took over operation of his family business in Miami in the US, the company buys minerals like copper and bauxite from Chile and brings it to the US.
This is importation, the company business is importation of minerals from Chile.
Exportation involves taking goods from your country where the business reside to another country to sell. While importation involves bringing goods from another country to a country where your business reside to sell or to process it.
