Consuming goods and services in the process of generating revenues results in expenses
Indicate whether the statement is true or false
True
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Which of the following is a nonmanufacturing cost?
A) direct labor B) direct materials C) administrative expenses D) indirect labor
What pitfall might affect the ability to attain a patent?
a. developing a prototype b. disclosing the product or service to the public before the patent is filed c. not filing for the patent 45 days after the invention of the product d. not having the company logo on the product
Mick starts a business to market nationally long-distance phone time as Mick's Minutes. Registering his trademark with the U.S. Patent and Trademark Office provides nationwide protection for the mark
A. if the mark is currently in use. B. only if the mark has not yet been used. C. only if the mark will not be used for at least six months. D. only if the mark is currently in national use.
Jones issued a check to Smith in return for Smith's promise to do work. Smith never did the promised work, but offered to buy goods from Gomez by endorsing the check to Gomez. Gomez had had no prior dealings with Jones or Smith, but accepted the check in payment. Gomez: A) cannot be a holder in due course
B) is considered an assignee of Smith's rights. C) is a holder through a holder in due course. D) is a holder in due course.