Proprietary Technology Is Technology That Is

question 58

Multiple Choice

Proprietary technology is technology that is

• A)widely used because it is easy to learn.
• B)widely used because the government subsidizes its use.
• C)not widely used because people could,but have not,taken the time to learn how to apply it.
• D)not widely used because it is known or controlled only by the company that discovered it.

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Definitions:

Fixed Expenses

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

The sum of a company's income once all costs and taxes are subtracted from its total revenue.

Variable Expenses

Costs that vary in direct proportion to changes in the level of activity or volume of goods produced.

Fixed Expenses

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums, providing stability in financial planning.