Proprietary Technology Is Knowledge That Is

question 124

Multiple Choice

Proprietary technology is knowledge that is

• A)known but no longer used much.
• B)known,but only recently discovered.
• C)known mostly by only those in a certain profession.
• D)known only by the company that discovered it.

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Definitions:

Credits

In accounting, credits refer to the side of an account that decreases assets or increases liabilities and equity.

Working Capital

The amount of a company's current assets minus its current liabilities, indicating the short-term liquidity position of the company.

Current Liabilities

Obligations or debts that a company is expected to pay off within one year or within its operating cycle, whichever is longer.

Current Assets

These are short-term assets likely to be converted into cash, utilized, or sold within the business cycle or a year.