Your Company Discovers a Better Way to Produce Mousetraps,but Your

question 115

Multiple Choice

Your company discovers a better way to produce mousetraps,but your better methods are not apparent from the mousetraps themselves.Your knowledge of how to more efficiently produce mousetraps is

• A)common technological knowledge.
• B)common,but not technological,knowledge.
• C)proprietary technological knowledge.
• D)proprietary,but not technological,knowledge.

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Definitions:

Payable on Demand

A term indicating that a payment must be made by the debtor immediately upon the creditor's request.

Definite Time

Pertains to a specific, clearly defined period or moment at which something is scheduled to occur or be completed.

Revised Article 3

An updated part of the Uniform Commercial Code dealing with negotiable instruments, such as checks.

Payable to Order

Refers to a financial instrument that is made payable to the specific order of a person or an entity.