Wanda Has an Idea for a Novel, but She Won't

question 51

Multiple Choice

Wanda has an idea for a novel, but she won't have time to write it until next year. She may protect it by means of:

• A) a patent.
• B) a copyright.
• C) registration of the idea.
• D) An idea that has not yet been developed into a tangible form cannot be protected.

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Definitions:

Annual Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business over a year.

Investment Costing

The process of determining the total costs associated with making an investment.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a specific product.

Variable Manufacturing Overhead

Costs of manufacturing that vary directly with the level of production, such as raw materials or labor costs.