Which of the Following Is NOT Correct About Patents

question 65

Multiple Choice

Which of the following is NOT correct about patents?

• A) Patents encourage invention of new products.
• B) Patents stimulate innovation.
• C) A patent is a barrier to entry.
• D) Patents enable a firm to be a permanent monopoly.
• E) Patents are granted to the inventor of a product or service.

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Definitions:

Client Relations

The practices and strategies that businesses use to maintain and enhance the relationships with their clients.

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Semester Hours

Units of credit earned in college or university, representing the number of hours spent in a class each week throughout a semester.

Community Colleges

Public institutions providing higher education and vocational training, often offering two-year degrees, certificates, and transfer programs to four-year universities.