Humberto has written three books which have been copyrighted…

Humberto has written three books which have been copyrighted and published by a national publisher. He also invented and patented a desktop cover that can change a desk from a sitting desk to a standing desk and back again using powered telescoping legs. He is using an accounting program to prepare his business accounting records. The program asks questions about the different aspects of his business and asks him how the book copyrights and patent should be classified. Which of the following would be the proper designation for the copyrights and patent?

Malik would like to buy a new mountain bike. He has reviewed…

Malik would like to buy a new mountain bike. He has reviewed them in Bike Magazine and looked at them in stores. He goes to his local bicycle store and asks about two bikes that he is interested in. The owner shows him those two and then shows him a bike that is getting good reviews, has been promoted extensively by the manufacturer, and has been widely distributed. This model was not reported on in Bike Magazine so Malik was unaware of it, but after reviewing the literature about it and test riding it, he realizes it is better than the two older models he read about in Bike Magazine and took for test drives. What stage of the product life cycle is this bicycle most likely in?