The Americans with Disabilities Act

question 6

Multiple Choice

The Americans With Disabilities Act

• A) passed only when Congress overrode President George H. W. Bush's veto.
• B) prohibited discrimination against 43 million citizens facing mental or physical challenges.
• C) required the government to hire disabled Americans.
• D) provided scholarships and student loans to people with physical or mental disabilities.
• E) None of these

Identify and assess the methods used by firms to decide on the optimal amount of research and development.

Describe the legal protections available for innovations and the advantages of being a leader in innovation.

Evaluate the arguments for and against the elimination of patents on certain types of products.

Define venture capital and understand its role in funding innovation and new businesses.

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Definitions:

Time Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Payback Period

The amount of time required for an investment to generate cash flows sufficient to recover its initial cost, a measure of an investment's breakeven point in time.

Cash Inflows

The total amount of money being transferred into a business, typically from operational, investment, and financing activities.

Cost Recovery

The process of regaining the value of an expense or investment over time through revenue or savings.