There Are Two Primary Rules of Thumb for Deciding If

question 43

Multiple Choice

There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intellectual asset. First, a firm should determine if the intellectual property in question is directly related to its competitive advantage. Second, a firm should determine if its intellectual property:

• A) is less than 20 years old
• B) could be licensed to another company
• C) has value in the marketplace
• D) is something that was developed "in-house"
• E) rightfully belongs to the firm or the employees who developed it

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Definitions:

Working Relationship

The interaction and communication between colleagues or organizations that collaborate towards common goals.

CPA License

A certification granted to accounting professionals who have passed the CPA exam and met additional state education and experience requirements.

Qualified Applicants

Individuals who meet the specific requirements and criteria set by an employer for a job position, including education, experience, and skills.

Bad News

Information that is unwelcome, disappointing, or distressing.