A Grant by the U

question 17

Multiple Choice

A grant by the U.S.government to an inventor for an idea that is new,useful,and nonobvious,giving the inventor the exclusive right to make,use,or sell his or her idea is called a:

• A) trade secret.
• B) copyright.
• C) trademark.
• D) patent.

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Definitions:

Liquidity Ratios

Financial metrics that measure a company's ability to pay off its short-term obligations with its liquid assets.

Return on Assets

Return on Assets (ROA) is a profitability ratio that measures the efficiency of a company in generating profit from its assets.

Average Collection Period

The average amount of time it takes for a company to receive payments owed by its customers, indicating the efficiency of its credit and collections policies.

Return on Equity

A measure of a corporation's profitability, calculated by dividing net income by shareholder equity, indicating how effectively equity is utilized to generate profits.