The Incentive to Innovate Would Be Reduced Because Which of the Following

question 93

Multiple Choice

The incentive to innovate would be reduced because which of the following makes research and development activity less profitable?

• A) Duplication
• B) Classification
• C) Certification
• D) Proliferation

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Definitions:

Perfect

To complete or make flawless, often used in legal terms to describe the act of finalizing a security interest in accordance with the law.

Security Interest

A legal claim or lien on collateral that gives a lender the right to repossession if the borrower defaults on obligations.

Default

Failing to fulfill a legal obligation or agreement, particularly the failure to repay a loan as agreed with a lender.

Perfection

In legal and financial terminology, it refers to the necessary steps taken to secure rights or interests in collateral against third parties.