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.

Comprehend reasoning by analogy and its importance in problem-solving.

Identify the elements that make up expert systems and their function.

Recognize the role of creativity and functional fixedness in problem solving.

Highlight the significance of critical thinking and its components in evaluating problem-solving processes.

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Definitions:

Digital Cameras

Electronic devices that capture and store photographs digitally, allowing for immediate viewing and eliminating the need for film processing.

Investment

The process of distributing funds or resources with the aim of achieving income or financial gain.

Corporate Profits Tax

A tax imposed on the income or profit of corporations, calculated as a percentage of their earned income.

Investment

The distribution of funds or other resources with the aim of achieving income or profit at a later date.