If the Government Deems a Newly-Invented Drug to Be Truly

question 164

True/False

If the government deems a newly-invented drug to be truly original, the pharmaceutical company is given the exclusive right to manufacture and sell the drug for 50 years.

---

Definitions:

Current Assets

Short-term assets that are expected to be converted into cash within one year or within the operating cycle of a business.

Interest Expense

The cost incurred by an entity for borrowed funds, which is charged as an expense on the income statement.

Interest-Bearing Note

A debt security that pays interest to the holder at a fixed or variable rate until the maturity date of the note.

Current Liabilities

A company's debts or obligations that are due to be settled within one fiscal year or the operating cycle, whichever is longer.