Thomas Edison Received Patents on Many of His Inventions

question 198

Multiple Choice

Thomas Edison received patents on many of his inventions. While the patents existed, his ideas were

• A)public goods and proprietary knowledge.
• B)public goods but not proprietary knowledge.
• C)private goods and proprietary knowledge.
• D)private goods but not proprietary knowledge.

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Definitions:

Sales Invoice

A document issued by a seller to a buyer, recording a transaction and requesting payment for the sale of goods or services.

FOB Destination

A shipping term indicating that the seller retains ownership and is responsible for the goods until they are delivered and the buyer's site.

Freight Costs

Expenses associated with transporting goods from one place to another, which can be paid by the shipper or the receiver.

Net 45

A payment term indicating that the full payment is due 45 days from the invoice date.