Job Applicants Have to Be Screened with Great Care.Explain

question 48

Essay

Job applicants have to be screened with great care.Explain.

Grasp the requirements and procedure for obtaining a patent, including the necessity of detailing and specifying new inventions.

Recognize the significance of trade name registration and the potential loss of exclusive rights due to common usage.

Distinguish between copyright, patents, registered designs, and trademarks in safeguarding intellectual property.

Identify the conditions under which a design can be subject to registered design legislation.

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Definitions:

Forgo

To give up or abstain from something. In economic terms, this often refers to the opportunity cost of choosing one option over another.

Budget

An estimate of income and expenditure for a set period, often used by governments, organizations, or individuals to plan financial operations.

Bananas

A widely consumed fruit, grown in tropical regions, known for its high potassium content.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one misses out on.