All of the Following Statements About Patents Are True Except

question 10

Multiple Choice

All of the following statements about patents are true except:

• A) It is more difficult to obtain a copyright than it is to obtain a patent.
• B) The four types of inventions protected by patent law are machines, manmade products, compositions of matter, and processing methods.
• C) Computer programs can be patented.
• D) In order to be patented, an invention must be nonobvious.

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Definitions:

Job Cost

The total expense calculated for a specific job or project, including materials, labor, and overhead.

Unit Product Cost

The total cost to produce one unit of product, including labor, materials, and overhead.

Predetermined Overhead Rate

A rate calculated prior to the accounting period that is used to allocate overhead costs to products or job orders, based on estimated overhead costs and an allocation base.

Job-Order Costing

A cost accounting system that accumulates costs according to specific jobs or orders, allowing for detailed cost tracking.