In Most Situations, the Simplest, Easiest, and Most Cost-Effective Way

question 120

Multiple Choice

In most situations, the simplest, easiest, and most cost-effective way to acquire new technology is to

• A) Buy it.
• B) Develop it internally.
• C) License it from others.
• D) Develop a joint venture.
• E) Purchase the owner of the technology.

---

Definitions:

State-Of-The-Art Defense

A legal defense used in product liability cases where the defendant claims the product was using the best technology available at the time of design or manufacture.

Scientific Knowledge

Information and understanding acquired through the scientific method, including observation, experimentation, and analysis, contributing to the body of facts and principles.

Negligent Behavior

Actions or omissions by an individual which fall below the legally established standard of care expected to be observed and which cause harm or damage.

Theory Of Recovery

Legal principles that provide the basis on which a plaintiff can sue and obtain damages or other remedies in court.