Wanda Has an Idea for a Novel, but She Won't

question 71

Multiple Choice

Wanda has an idea for a novel, but she won't have time to write it until next year. She may protect it by means of:

• A) a patent.
• B) a copyright.
• C) registration of the idea.
• D) An idea that has not yet been developed into a tangible form cannot be protected.

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Definitions:

Compounded Monthly

The process of adding interest to the principal sum of a loan or deposit, or in other words, interest on interest, calculated on a monthly basis.

Retirement Account

A financial account that is specifically designed to save funds for retirement, offering tax benefits for money invested and saved.

Pension Plan

A type of retirement plan where an employer makes contributions to a pool of funds set aside for an employee's future benefit.

Multiplier

A factor by which an economic variable is multiplied to estimate its impact on other variables.