A ________ is a product formula, pattern, design, compilation of data, customer list, or other covert business information
A) copyright
B) patent
C) trade secret
D) trademark
C
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Co-op advertising programs allow retailers to use the manufacturer's dollars to expand advertising programs
Indicate whether the statement is true or false
All else being equal, which of the following would not cause the contribution margin to decrease?
A) An increase in total variable costs. B) A decrease in sales volume. C) A decrease in variable costs per unit. D) A decrease in the sales price per unit.
Clyde's Clothing Inc comparative balance sheets and income statements showed the following information for 2010 and 2011: Inventory - 12/31/2010 $ 60,000 Inventory - 12/31/2011 75,000 Accounts payable - 12/31/2010 18,000 Accounts payable - 12/31/2011 20,000 Cost of goods sold - 2011 400,000 Clyde's accounts payable balances are composed solely of amounts due to suppliers for purchases of
inventory. What is the amount of cash payments for inventory that Clyde should report on its 2011 statement of cash flows assuming that the direct method is used? A) $387,000 B) $413,000 C) $497,000 D) $303,000
Mansfield Dairies entered into a contract with Aratez Inc, a dairy product food processing company, to provide dairy products for a period of four years. The contract included a provision for a one-year limitation period in case of breach
But with less than a year left on the contract, Mansfield Dairies stopped shipment of milk products to Aratez Inc Under the UCC statute of limitations, which of the following would be true with reference to Aratez's right to bring a lawsuit against Mansfield Dairies for breach of contract? A) The lawsuit could be filed anytime within one year from the breach. B) The lawsuit could only be filed after the expiration of the contract. C) The lawsuit could not be filed as there was less than a year left to complete the contract. D) The lawsuit could be filed any time within four years from the breach.