Electronics Firms May Be Able to Get Patents on Their

question 12

Multiple Choice

Electronics firms may be able to get patents on their ideas.Doing so makes their ideas

• A)private goods rather than public goods.This gives people more incentive to engage in research.
• B)private goods rather than public goods.This gives people less incentive to engage in research.
• C)public goods rather than private goods.This gives people more incentive to engage in research.
• D)public goods rather than private goods.This gives people more incentive to engage in private research.

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Definitions:

Accounts Payable

Money owed by a company to its creditors for goods or services that have been delivered but not yet paid for.

Fair Value

The estimated market price of an asset or liability, based on current conditions and the willing buyer-seller principle.

Capital

The owner’s investment of equity in the company.

Debit

The left-hand side of any account. A number entered on the left side of any account is said to be debited to an account.