What is the term for something that is produced by the mind, such as a new invention, that has commercial value?
A) Identity-based property
B) Decision support systems
C) Knowledge information systems
D) Management information systems
E) Intellectual property
Answer: E
Explanation: E) Nearly every company faces the dilemma of protecting product plans, new inventions, industrial processes, and other intellectual property produced by the intellect or mind that has commercial value.
You might also like to view...
All import charges are assessed against the
A) ex-works price. B) rigid cost-plus price. C) estimated future cost price D) flexible cost-plus price E) landed price
What are the three steps managers take to create a TQM environment?
Under U.S. GAAP, assets and liabilities in the balance sheet appear in order of increasing closeness-to-cash
Indicate whether the statement is true or false
With reference to cultural and ethical issues, the World Trade Organization has:
A) eliminated bribery. B) made progress in providing equal protection of intellectual property among nations. C) phased out all trade and tariff barriers between the United States and Mexico. D) eliminated slave labor and child labor. E) played little role in addressing cultural and ethical issues among nations.