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:

Debt And Equity Financing

Ways in which a company raises funds through borrowing (debt) or selling ownership shares (equity).

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholder's equity.

ROA

Return on assets (ROA) is a financial ratio that shows the percentage of profit a company earns in relation to its overall resources.

Liabilities

Measurable obligations resulting from a past transaction; they are expected to be settled in the future by transferring assets or providing services.