Gary Is Fascinated by a New Device That Uses a GPS-Like

question 80

Multiple Choice

Gary is fascinated by a new device that uses a GPS-like tracker to help owners locate their pets.He purchases the product,disassembles it,and uses it as a pattern for a similar device.The new device uses a less expensive casing,but otherwise has duplicated the technology.What legal concept may be represented in this action?

• A)a copyright violation
• B)a trademark violation
• C)a patent violation
• D)a fair use violation

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Definitions:

Total Liabilities

The sum of all financial obligations or debts that a company owes to outside parties at a given point in time.

Total Assets

The sum of all assets owned by a company, including current, fixed, tangible, and intangible assets, represented on the balance sheet.

Total Equity

Total equity represents the value left for shareholders after all liabilities have been subtracted from the total assets of a company.

Debt Ratio

A financial ratio that measures the proportion of a company's total debt to its total assets, indicating the leverage and financial health of the company.