Question

Identify the correct statement with regards to the term ‘Patent’. *

1 point

a) It is the amount of resources available for use.

b) It is the application of latest knowledge in making things.

c) It means the exclusive right over any idea or invention.

d) It means the number and abilities of the people.​

Answer 1

Answer:

C) it means the exclusive right over any idea or invention.

it is the right answer.

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Answer 2

(d). The statement patent is the number and abilities of the people.

Explanation:

• A patent is a sort of intellectual property that grants its owner the legal right to prevent others from creating, using, or selling an invention for a set length of time in exchange for the invention's enabling disclosure to be published.
• In most countries, patent rights are protected by private law, which means that to defend their rights, the patent holder must sue someone who infringes on the patent.
• Patents are an important source of competitive advantage in some industries, but they are irrelevant in others.