Holding a copyright:
A. Gives its owner an exclusive right to manufacture and sell a patented item or to use a process for 20 years.
B. Indicates that the value of a company exceeds the fair market value of a company's net assets if purchased separately.
C. Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 20 years.
D. Gives its owner an exclusive right to manufacture and sell a device or to use a process for 50 years.
E. Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 70 years.
Answer: E
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Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $108,000. The machine's useful life is estimated to be 4 years, or 140,000 units of product, with a $2000 salvage value. During its second year, the machine produces 28,000 units of product. Determine the machines' second year depreciation under the straight-line method.
A. $26,500. B. $27,000. C. $21,200. D. $27,500. E. $21,600.
The OPEN FOR method cannot reuse parsed statements.
Answer the following statement true (T) or false (F)
To be effective, an organization's strategic plans should focus on goals that are
A. aligned with its tactical plans and operational plans. B. different from those of its tactical plans and operational plans. C. different from those of its tactical plans yet the same as the operational plans. D. strategic yet differ from the operational plans. E. aligned with its tactical plans yet different from the operational plans.
Sam owes $5,000 to the First National Bank for a student loan which will come due on January 1 next year. He has been offered a two-year graduate fellowship, but he will not be able to pay the loan back if he accepts the fellowship. The bank manager tells Sam that if he pays $3,000 now, they will forgive the loan. Should Sam accept the offer?
a. No, because the bank can still sue for the remaining $2,000. b. No, because the manager's promise is not binding on the bank. c. Yes, because the early payment of the loan is consideration that makes the bank's promise binding. d. Yes, because the bank must do whatever the manager says.