Intellectual Property Refers to Products That Result from Creative and Intellectual

question 105

True/False

Intellectual property refers to products that result from creative and intellectual effort, such as books, musical works, inventions, and computer software.

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Definitions:

Intangible

Refers to something that cannot be physically touched or measured, such as services, intellectual property, or goodwill.

Method of Delivery

Refers to the way in which goods or services are provided to the customer, including physical delivery, digital delivery, or in-person service.

Idle Capacity

Unused productive ability within a business, often resulting in inefficiency because resources are not being utilized to generate revenues.

Classification

A method of arranging entities in an organized system of categories.