In a Country That Does Not Protect Patents,what Impact Would

question 20

Multiple Choice

In a country that does not protect patents,what impact would you expect to see on the amount of research and development?

• A)There would be more, because companies are civic-minded and highly motivated to introduce innovations that improve the standard of living.
• B)There would be less, because the benefits to society of engaging in research and development would be less than the costs to society.
• C)There would be less, because if they made a significant investment in the development, they would be unable to protect the innovations or discoveries long enough to be sufficiently compensated for their efforts.
• D)There would be more, because they could still hope to monopolize the market.

---

Definitions:

Furniture

An asset category in accounting that refers to movable articles intended to support various human activities such as seating and sleeping or to hold objects at a convenient height.

Discount Period

The timeframe during which a discount is offered for early payment on sales made on credit, aiming to encourage prompt payment.

Credit Period

The duration of time a buyer is allowed to pay for goods or services purchased on credit, typically measured in days from the invoice date.

Sales Returns and Allowances

A deduction from gross sales that reflects products returned by customers or allowances granted for damaged or unsatisfactory goods.