Patent and Copyright Laws Encourage

question 598

Multiple Choice

Patent and copyright laws encourage

• A)creative activity.
• B)research and development.
• C)competition among firms.
• D)Both a and b are correct.

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Definitions:

Derivative Security

A derivative security is a financial instrument whose value is based on the performance of underlying assets, indexes, or other financial instruments.

Financial Asset

A financial asset refers to any asset that is cash, a contractual right to receive cash or another financial asset from another entity, or a contractual right to exchange financial instruments with another entity under conditions that are potentially favorable.

Claim

A demand for something as due, often referring to a right to payment or other benefits.

Interest Rate Collar

A financial derivative strategy used to hedge interest rate movements by setting upper and lower limits on interest payments.