IP Protection Doesn't Always Work

question 69

Multiple Choice

IP protection doesn't always work.What contributes to this failure?

• A)laws protecting the company's rights may not be recognized in other countries
• B)there are too many patents on record, making it difficult to monitor them
• C)companies fail to renew their patents after the expiration date
• D)the product or service has evolved after the original protection was filed

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Definitions:

Credit

An accounting entry that increases liabilities or equity or decreases assets, or an arrangement to receive cash, goods, or services now and pay for them in the future.

Credit Sales

Transactions where goods or services are sold to a customer with an agreement to pay at a later date.

Cash Collection

The process of receiving and processing payments from customers.

Revenue Recognition

The accounting principle that determines the specific conditions under which income becomes realized as revenue, often at the time of sale or service delivery.