A firm named Scientific Discovery Corporation (SDC) makes an attempt to incorporate for a purpose other than making a profit. SDC is
A. a foreign corporation.
B. an alien corporation.
C. a nonprofit corporation.
D. not a corporation.
Answer: C
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If an item has been patented but has not been marked as patented and infringement occurs, the patent holder is generally barred from collecting damages.
Answer the following statement true (T) or false (F)
What is counterfeit merchandise? How can it negatively impact the market, and what are the ethical aspects?
What will be an ideal response?
Regardless of strategy, the best way to maintain success is ______.
a. provide better quality and value than your competitors b. invest in good marketing campaigns c. constantly innovate and look for new market niches d. hire and retain quality employees
All of the following statements regarding the Income Statement columns on the worksheet are true except:
A. The balances in the Income Statement debit column are expenses. B. The net income or net loss from the Income Statement columns is entered in the Balance Sheet & Statement of Retained Earnings columns. C. The difference between the totals of the Income Statement columns is net income or net loss. D. The balances in the Income Statement credit column are revenues. E. The balances in the Income Statement credit column are unearned revenues.