You Do Not Need a Patent Unless You ________

question 34

Multiple Choice

You do not need a patent unless you ________.

• A) Believe that someone else could successfully sell the product by copying your invention
• B) Have invented a product that you intend to market yourself or sell to a manufacturer
• C) Both A and B
• D) Want to get sued
• E) None of the above

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Definitions:

Factory Depreciation

The systematic allocation of the cost of physical assets used in the manufacturing process over their useful lives.

Direct Labour

The cost of wages for employees directly involved in the production of goods or services.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products, calculated before the production process begins.

Direct Labour Costs

Expenses related to employees who are directly involved in the production of goods or services.