What is an exclusive license?
A. a license that grants access to exclusive information for a limited period
B. a license that restricts the licensee to some information only
C. a license that is granted to only one party for a specific period
D. a license that grants access to exclusive intellectual property
Answer: C
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Indicate whether the statement is true or false
United Insurance Agency incurred the following activity costs related to service quality. Total sales $1,000,000 Costs of quality: Prevention 50,000 Appraisal 47,000 Internal failure 36,000 External failure 64,000 Costs of conformance total
a. $15,500. b. $55,000. c. $120,000. d. $131,400.
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Indicate whether the statement is true or false
How do patent laws help an inventor?
A. by helping the inventor guard his patented invention from the public B. by providing protection for patented inventions from infringement C. by helping the inventor meet potential buyers for his patented inventions D. by letting the inventor keep his patents indefinitely