In the Context of "Knowledge" Economy of the Twenty-First Century,which

question 46

Multiple Choice

In the context of "knowledge" economy of the twenty-first century,which of the following statements is true about intellectual property?

• A)Intellectual property has become an increasingly important source of economic value for businesses.
• B)Protecting intellectual property has become increasingly easy in the twenty-first century.
• C)Intellectual property laws limit the creativity and the ability of people to search for novel ways of doing things.
• D)Firms always choose to stay out of countries where intellectual property laws are strict.
• E)Companies in a country are more likely to commit themselves to extensive basic research if the country prohibits the use of patents.

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Definitions:

Input

Resources used in the production process, including raw materials, labor, and capital, which contribute to the creation of goods or services.

Stakeholders

Individuals or groups with an interest or concern in the success and operations of a business, including investors, employees, customers, and suppliers.

Environmental Practices

Actions and policies implemented by an organization to minimize its impact on the environment and promote sustainability.

Social Practices

The patterns of behavior and norms that are accepted in a society or among particular social groups.