What Is a Major Disadvantage of Using Patents as Indicators

question 14

Multiple Choice

What is a major disadvantage of using patents as indicators of innovation?

• A)Patents are an output of the innovation process.
• B)Many innovations are not patented.
• C)Patents are expensive and difficult to file.
• D)Many patents are not commercialised.

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Definitions:

Credit Sales

Credit sales are transactions where the customer purchases goods or services with an agreement to pay at a later date.

Cash Budget

A cash budget is a financial plan that estimates cash inflows and outflows over a specific period of time.

Housekeeping Budget

A financial plan allocating funds to maintain cleanliness, equipment, and supplies for housekeeping operations within an organization.

Occupied Rooms

In the context of hotel management, the number of rooms that are currently being used by guests.