A Patent Can Be Renewed

question 59

Multiple Choice

A patent can be renewed

• A) every twenty years.
• B) only after its economic life has been exhausted.
• C) only if significantly defended in an infringement suit.
• D) A patent can never be renewed.

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Definitions:

Percentage of Sales Approach

A forecasting method that estimates future financial outcomes based on a percentage relationship between sales growth and other financial accounts.

Financial Planning

The process of setting objectives, assessing assets and resources, estimating future financial needs, and making plans to achieve monetary goals.

Pro Forma Statement

A financial report created by making assumptions about events and transactions that have not yet taken place.

Financing Policies

Guidelines or principles that a company uses to decide how to finance its activities, including debt and equity financing choices.