What Should an Entrepreneur Do If He or She Worked

question 30

Multiple Choice

What should an entrepreneur do if he or she worked on a product with a former employer and wants to market the product as his or her own?

• A)Market it before the former employer does.
• B)Consult an IP attorney to review employee contracts and applicable laws.
• C)Keep all documentations proving that he or she is the inventor.
• D)Market the product in another country.

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Definitions:

Trend Percentages

A financial analysis tool that compares various financial statement items over a series of periods to detect patterns and trends, often expressed as a percentage of a base year.

Income Statement Amounts

The monetary values of revenue, expenses, gains, and losses reported in the income statement.

Common-Size Percentages

Financial analysis tool that converts each line item of financial statements into a percentage of a common base figure to allow for easy comparison.

Balance Sheets

Financial statements that show a company's financial position, detailing assets, liabilities, and equity at a specific point in time.