One Advantage of a Patent Is That

question 99

Multiple Choice

One advantage of a patent is that:

• A) the owner has exclusive rights to its use for the length of his life
• B) it never expires
• C) the owner may not be sued for 15 years
• D) it is automatically registered worldwide
• E) none of the other choices

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Definitions:

Activity Increases

Situations in which the level or intensity of a specific action or operations grows or intensifies.

Discretionary Fixed Costs

Those fixed costs that arise from annual decisions by management to spend on certain fixed cost items, such as advertising and research.

Committed Fixed Costs

Long-term fixed costs that cannot be easily altered in the short term, such as lease payments or insurance contracts.

Volume

The quantity or amount of something, often used in context with production, sales, or trading activities.