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Which of the Following Is NOT One of the Commonly

question 21

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Which of the following is NOT one of the commonly used general risk management techniques?


Definitions:

Patent

An exclusive right given to inventors to produce and sell a new product or machine for 20 years from the time of patent application.

Imitation

The action of using someone or something as a model and copying their behavior or actions.

Legal Expenses

Costs associated with legal advice, litigation, or other legal activities which individuals or businesses might incur.

Trademark

A recognizable sign, design, or expression that identifies products or services of a particular source from those of others, legally protected under intellectual property laws.

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