For an Invention to Be Considered Non-Obvious, the General Public

question 34

True/False

For an invention to be considered non-obvious, the general public must not have been able to come to the solution directly and without difficulty.

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Definitions:

Deposit In Transit

Money that has been received and recorded by a company but has not yet been reflected in the bank's records.

NSF Check

A check that cannot be honored because the account on which it is drawn lacks sufficient funds, standing for "non-sufficient funds."

Outstanding Checks

Checks that have been issued and recorded in accounting records but have not yet been cashed or cleared by the bank.

Bank Reconciliation

Aligning the cash account figures in a business's financial records with the relevant details found in a bank statement.