Which of the Following Is True of Patents

question 34

Multiple Choice

Which of the following is true of patents?

• A) Patents fall under the jurisdiction of state laws.
• B) Naturally occurring things are patentable.
• C) Abstract ideas are patentable.
• D) U.S. patent laws have changed since the mid-1990s.

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Definitions:

Insufficient Demand

A situation where the quantity of a product or service sought by buyers is less than the quantity supplied.

Laid Off

The termination of employment typically due to reduction in workforce by a company as a cost-saving measure.

Wages And Salaries

Compensation paid to employees for their labor, either on an hourly (wages) or fixed salary basis.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for more accurate comparisons and planning.