-The Owner of a Patented Invention

question 240

Multiple Choice

-The owner of a patented invention

• A) may or may not have a legal monopoly.
• B) is guaranteed a profit since her idea cannot be copied.
• C) will always have demand high enough and costs low enough to ensure a profit.
• D) will only earn a profit if average total cost is less than price.

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Definitions:

Ethical Conduct

Behavior that is in accordance with recognized principles of right and wrong, guiding professional and personal actions.

Competitive Advantage

The attributes or conditions that enable a company to outperform its competitors.

Traditional Femininity

A set of attributes, behaviors, and roles generally associated with girls and women, which are considered traditional or typical within a society.

Assertiveness

The quality of being self-assured and confident without being aggressive, in the expression of one's opinions and needs.