Which of the Following Is True with Regard to the Law

question 156

Multiple Choice

Which of the following is true with regard to the law governing patents?

• A) An amendment to the Patent Act allows patent protection automatically.
• B) A patent will only be granted if the invention has been the subject of a publication of over one year prior to the application.
• C) If a patent is developed by an employee, the employee has the right to obtain the patent.
• D) Computer programs, as a general rule, can be patented as well as copyrighted, because they are a set of instructions to the computer.
• E) In exchange for the monopoly given under the Patent Act, the owner of the patent must disclose the invention in its entirety.

---

Definitions:

Market Value

Market value is the current price at which an asset or service can be bought or sold in a marketplace.

Common Stock Dividend Distributable

A liability on the balance sheet representing the amount of dividends declared by a company but not yet paid to shareholders.

Paid-In Capital

Section of stockholders’ equity representing what stockholders have invested into the corporation.