Which of the Following Is a Difference Between a Patent

question 2

Multiple Choice

Which of the following is a difference between a patent and a trade secret?

• A) A patent grants its holder exclusive monopoly over the product for 20 years, whereas a trade secret does not.
• B) A trade secret goes into the public domain after a period of 10 years, but a patent does not.
• C) The law protects a trade secret that has been reverse engineered by a competitor but not a patent.
• D) Business methods are generally protected by patent laws, but they cannot be protected by trade secret laws.

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Definitions:

Variance

A statistical measure that represents the dispersion of a dataset relative to its mean, indicating how spread out the data points are.

Coefficient Of Correlation

A numerical measure that quantifies the strength of the correlation between the relative variations of two variables.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual, exchange-traded, and closed funds.

Stocks

Shares of ownership in a corporation, representing a claim on part of the company's assets and earnings.