How Is a Copyright Different from a Patent

question 33

Multiple Choice

How is a copyright different from a patent?

• A) Copyrights are applied for inventions, while a patent is applied for tangible writings.
• B) Patents have a limited term period, while copyrights carry lifelong terms.
• C) Patents fall under the federal law, while copyrights fall under state law.
• D) Copyrights should be novel and useful, while patents need not be so.

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Definitions:

Internal Rate Of Return

The required rate of return that achieves a net present value of zero across all cash flows from a given project.

Required Rate Of Return

The minimum annual percentage earnings needed from an investment to make it worthwhile for the investor, considering the risk involved.

Investment

Assets or items acquired with the goal of generating income or appreciation in value over time.

Cash Flows

The total amount of money being transferred into and out of a business, considered essential for assessing the financial health of a business.