Which of the Following Is True of Trends in the Number

question 96

Multiple Choice

Which of the following is true of trends in the number of new U.S. patents?

• A) There was a steady increase in new patents throughout the 1970s.
• B) There was a surge in new patents in the latter part of the 1990s.
• C) The number of new patents granted each year has remained unchanged since the early 1970s.
• D) The number of new patents granted each year declined by more than 50 percent after 2001.

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Definitions:

Net Working Capital

A measure of a company's liquidity, efficiency, and overall financial health, calculated by subtracting current liabilities from current assets.

Variable Costs

Costs that change in proportion to the level of activity in a business.

CCA Class

Capital Cost Allowance Class; categories used in Canadian tax law to determine the depreciation rate for tax purposes on tangible and intangible assets.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life to account for the decline in its value over time.