Patents,inventions,formulas,processes,designs,copyrights,and Trademarks All Constitute

question 32

Multiple Choice

Patents,inventions,formulas,processes,designs,copyrights,and trademarks all constitute:

• A)products that cannot be licensed.
• B)intangible property.
• C)unprotected assets.
• D)assets that do not result in financial gain.

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Definitions:

Total Revenue

The total amount of money generated by a firm from selling its goods or services before any costs or expenses are subtracted.

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced with the number of hours worked.

Standard Of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Consumption Rate

The speed at which goods or services are being used or consumed by consumers.