Which of the Following Statements Is True About the Bayh-Dole

question 32

Multiple Choice

Which of the following statements is true about the Bayh-Dole Act of 1980?

• A) It made university technology transfer activities illegal and unethical.
• B) It allowed universities to collect royalties on inventions funded with taxpayer dollars.
• C) It restricted provision of patents for inventions developed at universities.
• D) It made investment in research and technology mandatory for public companies.

---

Definitions:

Economic Order Quantity

A formula used to determine the most cost-effective quantity to order to minimize the costs of holding and ordering inventory.

Inventory Costs

Expenses associated with managing and holding inventory, including storage, insurance, taxes, and potential obsolescence.

Total Inventory

The total amount of goods and materials held in stock by a business at a given time, including raw materials, work-in-progress, and finished goods.

Cash Discounts

A reduction in invoice price offered by sellers to buyers as an incentive for early payment.