Patents are essentially monopolies granted to inventors by the U.S. government giving patent owners the exclusive rights to make, use, or sell that invention for a certain period of time.
Answer the following statement true (T) or false (F)
True
Patents are essentially monopolies granted to inventors by the U.S. government giving patent owners the exclusive rights to make, use, or sell that invention for a certain period of time. Once the patent is issued, anyone can have access to the information covered by the patent, but people cannot make use of that information without the consent of the patent holder.
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Stan is the manager of a division that has been struggling lately. It is budget time and Stan feels he is under the gun to do well next year. As such, he is building slack into his budget. How will he handle estimates of revenues and expenses? Revenues Expenses
a. Overestimate Overestimate b. Overestimate Underestimate c. Underestimate Underestimate d. Underestimate Overestimate
Which of the following were not identified as being part of the export marketing plan?
A. Production plans B. Product characteristics C. Promotion plans D. Budgets
Stansbury Company determined its December 31, 2015 inventory to be $1,000,000 based on a physical count priced at cost. Additional information for the company is as follows: ? Merchandise costing $90,000 was shipped FOB shipping point from a vendor on December 30, 2015. This merchandise was received and recorded on January 5, 2016. ? Goods costing $120,000 were staged on the shipping dock and excluded from inventory although shipment was not made until January 4, 2016. The goods were billed to the customer FOB shipping point on December 30, 2015. ? What is Stansbury's ending inventory for its December 31, 2015 balance sheet?
A. $1,000,000 B. $1,090,000 C. $1,120,000 D. $1,210,000
Which of the following is not correct about hedging speculators?
A) They charge a fee for their services. B) They are the counterparty to a risk management derivatives contract. C) They take risks which they mitigate by having superior knowledge of the market they trade in. D) They provide professional management.