A patent has a legal life of 20 years
Indicate whether the statement is true or false
True
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A retailer that is vertically integrated
A. concentrates only on operating its own retail stores. B. has limited control on the activities of the supply chain. C. performs more than one activity in the distribution channel. D. concentrates on selling only to businesses. E. outsources all supply chain activities to independent firms.
Which of the following is TRUE of an accounts receivable subsidiary ledger?
A) It does not include a receivable account for each customer, but includes a cumulative account for all customers. B) It contains information about the amount each customer purchased on credit, but excludes the customer name. C) The total of the accounts in the accounts receivable subsidiary ledger must equal the accounts receivable balance in the general ledger. D) Companies keep an accounts payable subsidiary ledger that is entirely different from the accounts receivable subsidiary ledger.
______ is the permanent loss of workers from the organization.
A. Absenteeism B. Turnover C. Empathy D. Revenue
An express agency arrangement can be formed with which types of agreements?
A) Oral only B) Oral or written C) Written only D) An agreement is not necessary to form an express agency