Which of the Following Best Defines Proprietary Technology

question 160

Multiple Choice

Which of the following best defines proprietary technology?

• A)It is knowledge that is known but no longer used much.
• B)It is knowledge that is known, but has only recently been discovered.
• C)It is knowledge that is known widely by those in a profession.
• D)It is knowledge that is known only by the company that discovers it.

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Definitions:

Profits and Losses

Profits and losses correspond to the financial gains or losses generated by a company's operations over a specific period, reflecting its economic performance.

Income Tax Expense

The amount of expense that a business recognizes in a given period for the taxes applied on its earnings.

Expired Insurance

The portion of an insurance premium that has been allocated to the expired portion of the policy, representing coverage that has already been provided.

Rent Expense

An expense account that records the cost incurred by a business to rent facilities or equipment for operation purposes.