All of the Following Are Necessary Criteria for Obtaining a Patent

question 21

Multiple Choice

All of the following are necessary criteria for obtaining a patent except:

• A)the product idea has profit potential
• B)the product idea is new
• C)the product idea is not obvious
• D)the product idea has utility

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Definitions:

Economic Pie

A metaphorical term referring to the total amount of wealth or resources available in an economy, which can be divided among individuals or groups.

Total Pie

The entire available resource or benefit that can be shared or distributed among parties.

Ethanol Mandates

Governmental regulations requiring a certain percentage of ethanol to be blended with gasoline.

Gasoline

A refined petroleum product used as fuel in internal combustion engines.