A Claims as Its Invention Some Feature or Process Embodied

question 66

Multiple Choice

A claims as its invention some feature or process embodied in instructions executed by a computer.

• A) trade secret
• B) software patent
• C) cross-licensing agreement
• D) patent infringement

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Definitions:

Absolute Advantage

A situation where a country, individual, or firm can produce more of a good or service with the same amount of resources compared to other entities.

Specialize

When individuals or businesses focus on producing a limited range of goods or services to increase efficiency and output quality.

Comparative Advantage

Being able to manufacture a good or provide a service with a smaller opportunity cost than that of competing individuals, companies, or nations.

Absolute Advantage

The capacity of an entity to create a product or offer a service more effectively than its rivals, utilizing fewer resources.