Why Do Some Firms Choose Not to File for a Patent

question 32

Multiple Choice

Why do some firms choose not to file for a patent and instead try to keep the results of their research a trade secret?

• A)because firms must disclose information about the product or process being patented in a patent application
• B)because trade secrets are never divulged
• C)because a patent only gives the inventor exclusive rights to a product or process for 5 years
• D)because trade secrets provide the same exclusive legal rights to a product as a patent does

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Definitions:

Selective Perception

Selective perception is the tendency to define problems from your own point of view.

Selective Perception

Selective perception is the process by which individuals perceive what they want in media messages while ignoring opposing viewpoints.

Stereotyping

The act of assigning generalized and often inaccurate or simplified attributes to a group of people, neglecting individual differences.

Projection

Projection is the assignment of personal attributes to other individuals.