SCENARIO 16-14 -

question 61

Multiple Choice

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Definitions:

Land

A natural resource not man-made, referring to the earth's surface extending downward to the center of the earth and upward to infinity, including permanently attached natural objects.

Purchase Price

The amount of money that is paid to acquire a good, service, or asset.

New Business Site

The location chosen for establishing a new branch, office, or manufacturing facility of a company.

Patent

A legal right granted by the government to an inventor, giving the holder exclusive rights to use, make, or sell the invention for a certain period.