Question

Select the appropriate term for its respective definition.

Copyright, Patent, Goodwill

A) Exclusive right granted to its owner to manufacture and sell an item.
B) Gives its owner the exclusive right to publish and sell musical, literary, or artistic work over a defined period of time.
C) The amount by which a company's value exceeds the value of its individual assets and liabilities.

Answer 1

Copyright gives its owner the exclusive right to publish and sell artistic work, a patent grants the rights to manufacture and sell an item, and goodwill represents a company's value beyond its individual assets and liabilities.

Step-by-step explanation:

A) Copyright: gives its owner the exclusive right to publish and sell musical, literary, or artistic work over a defined period of time. This means the author has control over how, when, and where their work is used.

B) Patent: is the exclusive right granted to its owner to manufacture and sell an item. It gives the inventor the legal right to make, use, or sell the invention for a limited time.

C) Goodwill: refers to the amount by which a company's value exceeds the value of its individual assets and liabilities. It represents the reputation and customer loyalty a business has built over time.