Design Patents Are the Most Common Type of Patent and Cover

question 36

True/False

Design patents are the most common type of patent and cover what we generally think of as new inventions.

---

Definitions:

Bank Service Charges

Fees charged by a bank for the various services it provides to its customers.

Cash Equivalents

Short-term, highly liquid investments that are easily convertible into known amounts of cash and so near their maturity that they present insignificant risk of changes in value.

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated amount of accounts receivable that may not be collected.