Which of the Following Is True of Utility Patents

question 86

Multiple Choice

Which of the following is true of utility patents?

• A) They are used to patent machines and processes.
• B) They are obtained for the ornamental nonfunctional design of an item.
• C) They are valid for the lifetime of the inventor.
• D) They are implemented to protect intangible abstractions.

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Definitions:

Production Opportunities

Situations or contexts in which a company has the potential to increase its output, efficiency, or product offerings.

Desired Profit

The target profit a company aims to achieve within a specific period.

Budget Standard Cost

Expected cost of goods or services set during a budgeting process, which serves as a guideline for managing and controlling future costs.