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hram777 [196]
3 years ago
8

Entrepreneurs are willing to take risks becausea. technology provides a way to sidestep the patent and copyright system.b. the p

atent and copyright system provides an exclusive right to sell the product for a period of time.c. the patent and copyright system guarantees a certain level of profit.d. technology always increases costs and prevents competitors from entering the market.e. the patent and copyright system guarantees that the risks taken will be rewarded.
Business
1 answer:
Nastasia [14]3 years ago
4 0

Answer: Option (b) is correct.

Explanation:

Entrepreneurs are willing to take risks because they know that the patent and copyright provides them an opportunity or right to sell their product for a period of time.

This is due to the fact that entrepreneurs are protected by the patent and copyrights. Patent and copyright gives entrepreneurs an opportunity to earn profit by selling their product but these patent and copyrights are for a certain period of time. It protects entrepreneurs from the other competitors in the market who are producing similar products.

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A person wishing to manufacture and sell a product that another holds the patent on
podryga [215]

Answer:

Must wait for 20 years

Explanation:

Exclusive rights granted for an invention is patent. The law protects the invention from commercial exploitation by others apart from the inventor. The protection is time-limited.

Patents last for 20 years. Before the expiry of the 20 years, any attempts to produce goods under patent protection is illegal. A person wishing to manufacture and sell goods under patent must wait for its expiry.

6 0
3 years ago
All of the following statements regarding a voucher system are incorrect except _____.
kobusy [5.1K]

Answer:

b) an invoice approval initiates the recording of a purchase

Explanation:

A voucher system is used for the authorization of cash payments. Under such a system, a voucher is prepared stating what item is to be purchased, the account which would be charged and the amount of purchases.

Internal controls refer to the system of prevention and detection of frauds and misstatements by the management of an entity to ensure integrity of financial records and transactions.

A voucher system is one of the means of implementing internal controls whereby every purchase can only be processed by sanction of an authority who is authorized to pass the purchase. The voucher issuer and authorizing authority are of course different to ensure independence.

6 0
3 years ago
Ty lives in an apartment building and gets a benefit from playing his stereo. Olivia, who lives next door to Ty and often loses
olga55 [171]

Answer: The answer is b. The benefit of the music to Ty must exceed the cost of the noise to Olivia.

Explanation: According to the Coase Theorem, as long as Ty values his stereo system Olivia will still not get the benefit of the doubt to get her sleep. So Ty has to pay her enough that it would benefit himself and his neighbor Olivia.

P.S A brainiest would be really helpful in showing your appreciation.

4 0
3 years ago
If a local company were to break contract with a retailer and no deliver the products requested, what type of law would be broke
Lorico [155]

If a local company were to break the contract with a retailer and not deliver the products requested, Civil law would be broken.

When one party doesn't carry out their obligations as stated in the contract, there is a breach of the agreement. That could involve anything trivial like making a payment a few days late or something more significant.

<h3>What is the most common breach of contract?</h3>

The most frequent remedy for contract violations is this one. When compensatory damages are granted, a court requires the party who violated the contract to give the victim enough money to fulfill their contractual obligations elsewhere.

A breach of contract occurs when a promise that is a component of a contract is not kept without a valid justification. This includes failing to perform in a way that complies with industry standards or any express or implicit warranty requirements, such as the implied warranty of merchantability.

Learn more about Breach of Contract here:

brainly.com/question/24259882

#SPJ4

7 0
1 year ago
Can someone help me with these 2 questions
Sauron [17]

Answer:the first one is correct

and the second one

Explanation:

5 0
2 years ago
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