If There Is No Existing Patent for a Drug,or If

question 12

Multiple Choice

If there is no existing patent for a drug,or if the patent has expired,the same drug may be marketed by separate drug companies under different

• A) chemical names
• B) generic names
• C) trade names
• D) nonproprietary names
• E) organic names

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Definitions:

Post-Closing Trial Balance

A list of all accounts and their balances after closing entries are made, used to check the balance of debits and credits.

Fees Earned

Income received from providing services, typically recorded when the service is rendered, not when the payment is received.

Supplies Expense

Expenditures related to consumable supplies used in the operating activities of a business during a specific period.

Dividends

Payments made by a corporation to its shareholder members. It's often quoted as the amount each share receives (dividends per share).