Capital, one of the factors of production, includes machines, tools, buildings, information, and technology.
Answer the following statement true (T) or false (F)
True
Capital, a factor of production, includes machines, tools, buildings, information, and technology—the synthetic resources that a business needs to produce goods or services. See 1-4: Factors of Production: The Basic Building Blocks
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The U.S. Justice Department objected to a recent patent license agreement between S.C. Johnson & Sons and Bayer AG. The antitrust unit at the Justice department objected to:
A) the duration of the license. B) the amount of royalties Johnson agreed to pay. C) Bayer's attempts to circumvent FDA policies. D) the exclusive nature of the license agreement. E) the hostile arrangement between Bayer and Johnson.
When poorly designed goods or services affect consumers adversely, consumers have legal recourse ______.
A. by going on strike B. by filing a lawsuit C. by writing to the World Trade Organization D. by writing to the United Nations
Which of the following is true of the Discount on Bonds Payable account?
A) It is added to the Bonds Payable balance and shown with long-term liabilities on the balance sheet. B) It is subtracted from the Bonds Payable balance and shown with the current liabilities on the balance sheet. C) It is added to the Bonds Payable balance and shown with stockholders' equity on the balance sheet. D) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet.
Which of the following prescribes who can do what and when to each kind of data?
A) ranges B) integrity rules C) edit rules D) usage rights