Which of the Following Statements Is True of Intellectual Property

question 92

Multiple Choice

Which of the following statements is true of intellectual property?

• A) Intellectual property requires that certain types of information are not disclosed to the public.
• B) The type of information is irrelevant in determining the time, effort, and money required to convert intellectual property to intangible assets.
• C) The basic economic system of intellectual property is grounded in the idea of incentives.
• D) There is little correlation between research and development (R&D) and intellectual property in determining the competitive advantage of a firm.
• E) An economic system based on intellectual property presumes that the long-term benefits of increased information and investment are lower than the short-term costs.

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