Proprietary technology is knowledge that is
a. known but no longer used much.
b. known, but only recently discovered.
c. known mostly by only those in a certain profession.
d. known only by the company that discovered it.
d
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Consider a closed economy without the government. If the savings rate in the economy is 20% and the aggregate savings is $10,000, the aggregate consumption in the economy is:
A) $37,000. B) $45,000. C) $10,000. D) $50,000.
For an unconstrained maximization problem
A. the decision maker seeks to maximize net benefits. B. the decision maker does not take cost into account because there is no constraint. C. the decision maker seeks to maximize total benefits. D. the decision maker does not take the objective function into account because there is no constraint. E. none of the above
The three primary sources of corporate funds are
A) banks, friends, and family. B) government, other corporations, and the central bank. C) investment banks, brokerages, and insurance companies. D) stocks, bonds, and reinvestment of profits.
Suppose that the interest rate is greater than the equilibrium interest rate. Which of the following occurs?
I. There is an excess quantity of money. II. The quantity of money automatically increases. III. The interest rate falls. A) I B) I and II C) I and III D) I, II and III