Products That Incorporate Thousands of Different Technologies into a Single

question 44

Multiple Choice

Products that incorporate thousands of different technologies into a single product

• A)are most susceptible to patent infringement lawsuits that can halt production.
• B)are an effective way to thwart patent trolls.
• C)are protected by Federal Government "meta-patent" policies.
• D)are not subject to patent law because of "fair use" antitrust regulations.

---

Definitions:

Fixed Component

A portion of total costs that does not change with the level of activity or production volume, such as rent or salaries.

Fixed Overhead Budget Variance

The difference between the actual fixed overhead costs incurred and the fixed overhead costs that were budgeted.

Standard Machine-Hours

The estimated hours a machine is expected to operate under normal conditions.

Variable Overhead Efficiency Variance

The difference between the standard cost of variable overhead allocated for the actual output and the actual variable overhead incurred, reflecting efficiency in using resources.