Which of the Following Is True with Regard to Patent

question 12

Multiple Choice

Which of the following is true with regard to patent protection?

• A)The patent protection order is an order of the court requiring a person who stole and used a trade secret to make an accounting of all profit realized from its use.
• B)Unlike copyright,patent protection does not come automatically.It must be applied for.
• C)Patent protection for property lasts for a period of 15 years and is renewable,but it must be used during that time or it will be considered abandoned.
• D)Unlike copyright,patents can extend to "every original literary,dramatic,musical and artistic work" produced in Canada.
• E)Computer software is never patentable in Canada.

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Definitions:

Financing Dollars

Funds that are provided for business operations, investments, or other purposes requiring financial support, often in the context of corporate finance or lending.

Costs

The amount of money required to produce, maintain, or acquire a product or service, including direct, indirect, fixed, and variable components.

Risk and Return

The principle that potential return on an investment is correlated with the level of risk involved in making that investment.

Financial Decisions

Choices made by individuals or businesses regarding the management of finances, including investments, budgeting, and financial planning.