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Which of the following statements is false?
Permanent/Temporary
Categories used to describe the durability of various accounts within accounting; permanent accounts track financial data across multiple periods, while temporary accounts are closed at the end of each period.
Patents
Intellectual property rights granted to an inventor, giving the holder exclusive rights to the invention for a certain period.
Copyrights
Legal rights given to creators for the protection of their original works, limiting the use of these works by others without permission.
Franchises
A type of license that grants a franchisee access to a franchisor’s proprietary business knowledge, processes, and trademarks, thus allowing the franchisee to sell a product or service under the franchisor's business model.
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