Kermit Wong Invents a New Type of Computer Even Smaller

question 42

Multiple Choice

Kermit Wong invents a new type of computer even smaller than a calculator and patents the invention. A large U.S. computer company buys the rights and makes the units at its California plant, whence it ships them across North America. Kermit realizes that he could make them more cheaply, but the computer company refuses to give him a licence to do so in Canada. Which of the following is true?

• A)Kermit can apply for a compulsory licence and the government will permit him to make and sell the units in Canada.
• B)There is nothing Kermit can do
• C)Kermit can apply but will be unsuccessful in obtaining a compulsory licence because the patent holder is using the patent.
• D)Kermit can apply but will be unsuccessful because compulsory licensing only applies to drugs.
• E)Kermit can apply but will be unsuccessful in obtaining a compulsory licence because the patent holder is selling the computer in Canada.

Evaluate the effectiveness of international agreements in conserving aquatic life.

Understand the mechanisms and consequences of invasive species introduction.

Understand the major types of agriculture and their characteristics.

Identify the primary foods and animal species that contribute to the global diet.

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Definitions:

Markup Percent

The percentage increase on the cost price of goods to arrive at the selling price.

Selling Price

The amount of money for which a product or service is sold to customers.

Markup Percent

The percentage added to the cost price of goods to cover overhead and profit.

Markup Percent

The markup on the original cost of goods intended to cover running costs and generate profit.