There Are Two Primary Reasons to Conduct an Intellectual Property

question 16

Multiple Choice

There are two primary reasons to conduct an intellectual property audit. First, it is prudent for a company to periodically determine whether its intellectual property is being properly protected. The second reason for a company to conduct an intellectual property audit is to ________.

• A) remain prepared for a Security & Exchange Commission spot inspection
• B) remain prepared to justify its value in the event of a merger or acquisition
• C) remain prepared for an initial public offering
• D) update the value of its intellectual property on its balance sheet
• E) make sure no intellectual property has been stolen

---

Definitions:

PO

An abbreviation used in prescriptions, standing for "per os," which is Latin for "by mouth," indicating oral administration.

Tagamet

A brand name for cimetidine, a medication used to treat and prevent certain types of ulcers and to reduce stomach acid.

Gastric Reflux

The backward flow of stomach acid into the esophagus, leading to discomfort and potential damage.

Heartburn

A burning pain in the chest, usually after eating, caused by acid reflux from the stomach into the esophagus.