Suppose a Patent Applicant Approaches an Insurance Company and Seeks

question 92

Multiple Choice

Suppose a patent applicant approaches an insurance company and seeks to purchase an insurance policy that her patent will not net $1m in the next three years.The insurance company

• A) will sell her an insurance policy because the proposal entails uncertainty not risk.
• B) will sell her an insurance policy because the proposal entails risk not uncertainty.
• C) will not sell her an insurance policy because the proposal entails uncertainty not risk.
• D) will not sell her an insurance policy because the proposal entails risk not uncertainty.

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Definitions:

Impedance

The total resistance to the flow of alternating current (AC) in a circuit, comprising both resistive and reactive components, measured in ohms.

Inductive Reactance

The opposition that an inductor presents to alternating current, due to the inductor's inductance, measured in ohms.

Power (P)

The rate at which electrical energy is transferred by an electric circuit, usually measured in watts (W).

Parallel Circuit

An electrical circuit in which components are connected across common points or junctions, allowing multiple paths for the current.