A patent is good for:
a. 14 years from date granted b. 17 years from date granted
c. 20 years from time of application
d. lifetime of the inventor plus 21 years e. 100 years
c
You might also like to view...
_____________provide the evidence needed in an accounting system to record a transaction
Fill in the blank(s) with correct word
What is the form sent by the seller to the buyer as evidence of a sale?
a. an invoice approval form b. an invoice c. a receiving report d. a purchase order
Comfort Cruiser Company manufactures 100 luxury yachts per month. Included in each yacht is a compact media center. Comfort Cruiser manufactures the media center in-house. The company is considering the possibility of outsourcing the production of the media centers in order to close down some of its facilities and reduce the administrative costs. At present, the variable cost per unit is $275, and fixed costs are $55,000 per month. Assume that if it outsources, fixed costs could be reduced by 60%. The production manager advised the company to contract with a foreign supplier who offered a contract cost of $410 per unit. If it outsources the media center, how would that affect operating income?
A) Operating income would increase by $19,500. B) Operating income would increase by $33,000. C) Operating income would decline by $19,500. D) Operating income would remain the same.
According to the text, indirect procurement can account for as much as what percent of the total purchasing expenditures in companies?
A. 10 to 20 percent B. 50 to 70 percent C. 30 to 45 percent D. over 70 percent