Which of the Following Selections Correctly Identifies the Three Types

question 66

Multiple Choice

Which of the following selections correctly identifies the three types of patents?

• A) Manufacturing; process; plant
• B) Usefulness; purpose; genetic
• C) Explicit; implicit; plant
• D) Utility; design; plant
• E) Manufacturing; service; other

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Definitions:

Deposits In Transit

Funds that have been deposited in a bank account but not yet recorded by the bank in the account balance, often due to timing differences.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn against, leading to a "non-sufficient funds" status.

Petty Cash Fund

A small amount of cash kept on hand for minor, immediate expenses.

Cash Short

An accounting term referring to a situation where the actual physical cash differs from the expected amount, typically indicating a shortfall.