Intellectual Property ________

question 117

Multiple Choice

Intellectual property ________.

• A)includes land and buildings
• B)includes stocks and bonds and money in the bank
• C)is the intangible product of creative effort
• D)is protected by copyrights and patents
• E)both C and D are correct

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Definitions:

Personal Assets

Items of economic value owned by an individual, which can include tangible items like property and vehicles or intangible assets.

Proprietorship

A business structure owned by a single individual where there's no legal distinction between the owner and the business entity.

Legal Dissolution

The process of legally dissolving a company, terminating its existence by the law.

New Partner

An individual who joins an existing partnership, contributing capital, and sharing in profits, losses, and liabilities.