Which of the Following Is Not an Example of a Barrier

question 275

Multiple Choice

Which of the following is not an example of a barrier to entry?

• A)Mighty Mitch's Mining Company owns a unique plot of land in Tanzania, under which lies the only large deposit of Tanzanite in the world.
• B)A pharmaceutical company obtains a patent for a specific high blood pressure medication.
• C)A musician obtains a copyright for her original song.
• D)An entrepreneur opens a popular new restaurant.

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Definitions:

Sales Tax

A tax on sales or on the receipts from sales.

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed, often due to a return or overcharge.

Perpetual Inventory System

In accounting for inventory, this method promptly captures the transaction of a sale or purchase using advanced computerized point-of-sale systems and enterprise asset management software.

Cost of Goods Sold

The total cost of manufacturing or acquiring the inventory that was sold during a specific period.