A Utility Patent Protects Any Novel,original (Rather Than Nonobvious),and Ornamental

question 23

True/False

A utility patent protects any novel,original (rather than nonobvious),and ornamental (rather than useful)design for an article of manufacture.

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company pays out to its shareholders.

Interest Payment

A payment made to a lender by a borrower in exchange for the use of borrowed money, typically calculated as a percentage of the principal.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting the asset's loss in value due to wear and tear, age, or obsolescence.

Operating Activities

The cash flows related to the core operations of a business, including revenues and expenses.