McDonald has invented a machine that harvests corn in the field, automatically shucks the corn from the husk, and peels the kernels from the cob, separating everything for easy disposal or further use. Assuming that all requirements are met for a patent, the length of his patent protection will be
A. 14 years from the completion of the invention.
B. 20 years from the filing of the application with the U.S. Patent and Trade Office.
C. 14 years from the filing of the application with the U.S. Patent and Trade Office.
D. 20 years from the completion of the invention.
Answer: C
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Referring to Table 2.1, the United Kingdom gains most from trade if
a. 1 ton of steel trades for 2 televisions. b. 1 ton of steel trades for 3 televisions. c. 2 tons of steel trade for 4 televisions. d. 2 tons of steel trade for 5 televisions.
Answer the following statements true (T) or false (F)
1. Profits and losses in a partnership must be shared based on each partner's capital balances. 2. If the partnership agreement specifies a method for sharing profits but not losses, then losses are shared the same way as profits. 3. The sum (or total) of the net income (loss) allocated to each partner should always equal the total net income (loss) of the partnership. 4. The withdrawal accounts of a partnership are closed at the end of the period, as they are for a sole proprietorship. 5. Like a sole proprietorship's statement of owner's equity, the statement of partners' equity will show all the partners'capital accounts as one account.
Opal Company purchased inventory on credit. The effect of this transaction is that the:
A) earnings per share decreased. B) earnings per share increased. C) working capital increased. D) debt to equity ratio increased.
A process in which process variation does not fit at all within the specification limits.
a. Process is easily capable b. Process is comfortably capable c. Process is just capable d. Process is not capable