Which of the Following Is a Benefit of Using Patents

question 13

Multiple Choice

Which of the following is a benefit of using patents in organizations?

• A)Organizations can use patents for an upgraded version of a pre-existing patented process.
• B)Organizations can use patents for contents derived from other processes.
• C)Organizations can use patents to keep competitors from entering certain market segments.
• D)Organizations do not have a fixed period to patent a concept.

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Definitions:

Net Income

The net income a company earns once it has subtracted all costs and taxes from its revenues.

Operating Activities

Activities related to the primary operations of a company, including cash flows from sales, supply purchases, and payroll.

Equipment Purchases

Transactions involving the acquisition of physical assets for use in the production or supply of goods and services, typically considered as capital expenditure.

Cash

Money in the form of bills or coins, available for transactions or on hand.