Which of the following statements is true of the patent period in the United States?
A. It follows the first-to-file rule.
B. The patent term begins to run from the date the patent application is filed.
C. The patent term begins to run from the date the patent is issued.
D. The patent period for an invention is 17 years.
Answer: B
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Gross sales plus sales returns and allowances less sales discounts equals net sales
Indicate whether the statement is true or false
According to the text, ________ products have formed user groups for years, where groups give the company feedback and give each other tips on how to better use the product
A) high-tech B) food C) personal care D) lifestyle
Which of the following statements is TRUE?
a. External auditors are usually specifically trained to detect fraud. b. Audits of books and records rarely discover frauds. c. Less than 5 percent of all frauds are detected by auditors. d. The presence of auditors provides a major deterrent effect.
If 34,000 units are 80% complete with respect to direct materials, then the equivalent units of production for direct materials are ________. The weighted-average method is used.
A) 34,000 units B) 27,200 units C) 6800 units D) 40,800 units