Asked by moses munyai on May 29, 2024
Verified
Acacia Inc., a pharmaceutical company, has developed a miracle drug that can cure breast cancer. This invention by Acacia Inc. is an example of _____.
A) intellectual property
B) an embargo
C) arbitrage
D) a sustainable product
Intellectual Property
Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, and symbols.
Miracle Drug
A term often used to describe a medicine that has unexpectedly effective results in curing or significantly treating a disease.
Breast Cancer
A type of cancer that develops from breast cells and is one of the most common cancers affecting women worldwide.
- Recognize intellectual property and its role in international business.
Verified Answer
ZK
Zybrea KnightJun 02, 2024
Final Answer :
A
Explanation :
The miracle drug developed by Acacia Inc. is an example of intellectual property because it is a creation of the mind for which a monopoly is assigned to designated owners by law. Intellectual property rights give the creator an exclusive right over the use of his/her creation for a certain period of time.
Learning Objectives
- Recognize intellectual property and its role in international business.