The Most Frequent Type of Patent in the United States

question 40

True/False

The most frequent type of patent in the United States is the design patent.

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Definitions:

Fixed Assets

Long-term tangible assets, such as property, plant, and equipment, used in the operations of a business and not expected to be converted to cash in the near term.

Cash Dividends

Payments made by a corporation to its shareholder members. It's the share of the company's profits, decided and managed by the board of directors, and paid out to shareholders.

Equity Sold

The process of selling ownership interest in a company in exchange for capital.