What is an invention?
What will be an ideal response?
An invention is (1) new if no other inventor has obtained a patent for the same invention; it (2) involves an inventive step if the "subject matter" of the invention was not "obvious at the time the invention was made to a person having ordinary skill in the art to which said subject matter pertains"; and it is (3) capable of industrial application if the product or process is one that can be used in industry or commerce.
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An investor will invest $1,000 now and expect to receive $10 for each of the next 10 years plus $1,000 at the end of the 10th year. Her cash flow at time period 0 is
A) $1,000 B) -$1,000 C) $-990 D) $1,010
When calculating the breakeven point in terms of sales revenue, variable costs should be divided by the contribution margin ratio
Indicate whether the statement is true or false