Joe Swartz, an employee of Acme Company, worked for months during company time and used Acme's equipment to develop an idea that he had been nurturing. Finally, the idea came to fruition. Swartz's employer laid claim to the invention on the grounds that
the firm's equipment had been utilized on company time. Swartz had obtained a patent on the invention and claimed that his employer had no rights to the invention at all. Who is right? How could an employer guard against such arguments in the future?
The inventions of an employee, even when on company time and utilizing company equipment, still belong to the employee. An employer should provide in the employment contract that the employer will own any invention or discovery made by the employee during or after work hours, or for a reasonable period of time after leaving the employment relationship.
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The country which has a massive potential for cigarette manufacturers is:
A) Egypt. B) Spain. C) Turkey. D) China. E) Vietnam.
If a company records prepayment of expenses in an asset account, the adjusting entry when all or part of the prepaid asset is used or expired would:
A. Result in a debit to a liability and a credit to an asset account. B. Result in a debit to an expense and a credit to an asset account. C. Cause an accrued liability account to exist. D. Cause an adjustment to prior expense to be overstated and assets to be understated. E. Decrease cash.
All of the following tests of controls will provide evidence about the adequacy of the disaster recovery plan except
a. inspection of the second site backup b. analysis of the fire detection system at the primary site c. review of the critical applications list d. composition of the disaster recovery team
Traditional adversarial bargaining relationships between employers and employees has made meeting employers' increasing need for ____________________ more difficult.
A. Flexibility B. Equity C. Cooperation and employee involvement D. Workplace fairness