Any Public Use Anywhere in the World Prior to the Application

question 1

True/False

Any public use anywhere in the world prior to the application date for a patent will preclude the granting of a patent (unless the disclosure was made by the inventor or one who derived the subject matter from the inventor).

---

Definitions:

Work in Process

A term referring to items and materials that are being transformed into finished products but are not yet complete.

Variable Overhead

Variable overhead costs are those expenses that fluctuate with production volume, such as utilities or materials.

Fixed Overhead

Regular, unchanged costs associated with operating a business that do not fluctuate with production levels.

Direct Labor Rate Variances

This term refers to the difference between the actual cost of direct labor and the expected (or standard) cost, used in manufacturing and budgeting.