Question

Owning a patent: Multiple Choice Gives its owner an exclusive right to manufacture and sell a device or to use a process for 50 years. Gives the owner exclusive rights to manufacture and sell a patented item or to use a process for 20 years. Gives the owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 70 years. Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 17 years. Indicates that the value of a company exceeds the fair market value of a company's net assets if purchased separately.

Answer 1

Answer:

Gives the owner exclusive rights to manufacture and sell a patented item or to use a process for 20 years

Explanation:

A patent is defined as a rights that the owner of an innovative product or process has that allows him to exclusively manufacturer the product or have the only right to use a particular process for 20 years.

Usually the item patented gives a new way of solving problems.

Any duplication of the product or service that is patented has to be with the consent of the owner.

Patents allow inventors of products and services to be adequately compensated.for their innovation.