In Order to Be Patentable,an Invention Must Be Proven to Be

question 57

True/False

In order to be patentable,an invention must be proven to be able to be marketed profitably.

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Definitions:

Aging of Accounts

A method used to categorize accounts receivable based on the length of time an invoice has been outstanding, often to identify potential collection issues.

Gross Price Method

An accounting method where inventory purchases are recorded at their gross price, without deducting any available cash discounts.

Net Realizable Value

The estimated selling price of goods, less the costs of their sale or disposal.

Bad Debt Expense

The cost associated with accounts receivable that a company does not expect to collect because customers default on payments.