Sergei Has Developed a New Fat Substitute That Has No

question 50

Multiple Choice

Sergei has developed a new fat substitute that has no calories and produces no side effects.What kind of support from the government is he most likely to want,in order to bring this innovation to the marketplace?

• A)a trademark
• B)a patent
• C)an education subsidy
• D)a marketing subsidy

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Definitions:

Ledger

A book or collection of financial accounts where all transactions are recorded, usually divided into debits and credits.

Financial Statements

Reports that provide an overview of a company’s financial condition, including the balance sheet, income statement, and cash flow statement.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's bookkeeping system is mathematically correct.

Balance Sheet

A report detailing a company's financial status, including assets, liabilities, and equity of shareholders at a certain moment, which serves as a foundation for calculating returns and assessing the company's financial health.