Phil invents "PhutureNow," new Web site design software, and applies for a patent. If Phil is granted a patent, his invention will be protected
A. for ten years.
B. for twenty years.
C. for the life of the inventor plus seventy years.
D. forever.
Answer: B
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One significant difference between a classified and a non-classified balance sheet is the distinction between which of the following items?
a. Assets and liabilities b. Current and noncurrent items c. Liabilities and owners' equity d. Resources invested by the owners and amounts borrowed from creditors
All employees are eager to be empowered
Indicate whether the statement is true or false
Which one of the following is a false statement about the nature of feedback?
A. It can often be avoided with no effect on the success of the communication process. B. It enables the sender to determine how much of the message was actually received. C. It enables the sender to determine the accuracy of the message that was actually received. D. It can be in the form of the receiver's failure to comply with the sender's request.
Under the Securities Exchange Act of 1934, reporting companies must file which of the following
reports? A) In all cases, annual, quarterly, and monthly reports B) In all cases, annual reports; and quarterly reports when a material event occurs C) In all cases, annual reports; and quarterly and monthly reports when a material event occurs D) In all cases, annual and quarterly reports; and monthly reports when a material event occurs E) In all cases, only annual reports are required; quarterly or monthly reports are optional