In the United States,the First Person to Invent an Item

question 101

True/False

In the United States,the first person to invent an item or a process is given patent protection over another party who was the first to file a patent application.

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Definitions:

Factory Wages Payable

Liabilities for wages owed to manufacturing employees that have not yet been paid.

Factory Payroll

The total compensation paid to employees working within a manufacturing setting, including wages, salaries, and benefits.

Direct Labor

The wages and related costs of employees who are directly involved in the production of goods or services.

Direct Materials Cost

The cost of raw materials that can be directly traced to the production of goods, excluding indirect materials like maintenance supplies.