A Design Patent Protects the Appearance of an Item and Is

question 16

True/False

A design patent protects the appearance of an item and is valid for 14 years.

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of a company.

Short-term Liabilities

Financial obligations of a business that are due to be settled within one year, such as accounts payable, short-term debts, and accrued expenses.

Automatic Financing

A preapproved loan where funds are automatically available when needed.

Factoring Receivables

A transaction in which a company trades its outstanding invoices to another entity at a lower value to quickly secure cash.