When Technology Is Advancing So Quickly, Even a Patent From

question 40

Multiple Choice

When technology is advancing so quickly, even a patent from, say, two years ago may be _______
, because _______.

• A) somewhat outdated; few firms are relying on the technology
• B) completely outdated; no firm is relying on that technology any longer
• C) irrelevant; inventors are only receiving a slice of the social value.
• D) irrelevant; not every idea can remain under patent protection forever.

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Definitions:

Ownership Position

A stake or interest that one holds in a company or property, often reflected by the amount of shares owned or the extent of investment.

Current Market Price

The current price at which an asset or security can be bought or sold in the market.

Best Efforts Underwriting

A method in securities underwriting where the underwriter agrees to sell as much of the offering as possible, but does not guarantee the sale of the entire issue.

Subscription Price

The amount a subscriber pays to purchase a new issue of securities.