Which of the Following Facts Is Not True of Patents

question 11

Multiple Choice

Which of the following facts is not true of patents?

• A)Only the owner of the technology can apply for a patent.
• B)If a new technology is created by an employee, the owner is the employer.
• C)A standard patent grants protection for 20 years.
• D)A patent does not give the owner the exclusive right to exploit the new technology.

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Definitions:

Currency Valuations

The process of determining the worth of one currency in terms of another currency.

Option

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific time period.

Forward Exchange Rate

A predetermined rate for exchanging one currency for another at a future date, used primarily to hedge against currency risk.

Monetary Policies

Strategies and actions taken by central banks to control the supply of money in the economy, typically impacting interest rates and aiming to maintain price stability and achieve economic growth.