Examlex
Which of the following is written incorrectly?
Inventory
The goods and materials a business holds for the ultimate goal of resale or production.
Amortization
The process of spreading out a loan into a series of fixed payments over time, which includes both principal and interest.
Patent
An exclusive right granted for an invention, which allows the patent owner to exclude others from making, using, or selling the invention.
Book Value
The difference between the total assets and total liabilities of a company, indicating its net asset value as recorded on the balance sheet.
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