Find all School-related info fast with the new School-Specific MBA Forum

It is currently 23 May 2013, 08:30
Customize  |  Hide

A new law gives ownership of patents-documents providing

  Question banks Downloads My Bookmarks Reviews  
Author Message
TAGS:
Intern
Intern
Joined: 13 May 2012
Posts: 29
Followers: 0

Kudos [?]: 1 [0], given: 0

A new law gives ownership of patents-documents providing [#permalink] New post 12 Oct 2012, 09:32
00:00

Question Stats:

86% (02:10) correct 13% (01:43) wrong based on 1 sessions
A new law gives ownership of patents-documents providing exclusive right to make and sell an invention-to universities, not the government, when those patents result from government-sponsored university research. Administrators at Logos University plan to sell any patents they acquire to corporations in order to fund programs to improve undergraduate teaching.

Which of the following, if true, would cast the most doubt on the viability of the college administrators' plan described above?

(A) Profit-making corporations interested in developing products based on patents held by universities are likely to try to serve as exclusive sponsors of ongoing university research projects.

(B) Corporate sponsors of research in university facilities are entitled to tax credits under new federal tax-code guidelines.

(C) Research scientists at Logos University have few or no teaching responsibilities and participate little if at all in the undergraduate programs in their field.

(D) Government-sponsored research conducted at Logos University for the most part duplicates research already completed by several profit-making corporations.

(E) Logos University is unlikely to attract corporate sponsorship of its scientific research.
[Reveal] Spoiler: OA
Senior Manager
Senior Manager
User avatar
Joined: 28 Jun 2009
Posts: 457
Location: United States (MA)
Followers: 14

Kudos [?]: 83 [0], given: 46

GMAT Tests User
Re: A new law gives ownership of patents [#permalink] New post 12 Oct 2012, 10:19
Clear D.

(D) Government-sponsored research conducted at Logos University for the most part duplicates research already completed by several profit-making corporations.
>>> If the research done at university is already done by other corporations, there will be no buys for patents from the university. Which shatters Administrators' plans.
Intern
Intern
Joined: 13 May 2012
Posts: 29
Followers: 0

Kudos [?]: 1 [0], given: 0

Re: A new law gives ownership of patents [#permalink] New post 12 Oct 2012, 10:45
piyatiwari wrote:
Clear D.

(D) Government-sponsored research conducted at Logos University for the most part duplicates research already completed by several profit-making corporations.
>>> If the research done at university is already done by other corporations, there will be no buys for patents from the university. Which shatters Administrators' plans.

And here's where my problem is. The passage talks about patents, a document which provides exclusive right to an organization to make and sell an invention. If the university comes up with invention X and gets it patented, then any duplicates of X completed by several profit-making corporations cannot be sold by those corporations because it's now patented. So whether those profitable corporations are making duplicates of Logos' inventions or not does not matter if Logos gets them patented since they won't be able to sell it or even build it after it's been patented.
Senior Manager
Senior Manager
Joined: 22 Dec 2011
Posts: 298
Followers: 2

Kudos [?]: 41 [0], given: 32

GMAT Tests User
Re: A new law gives ownership of patents [#permalink] New post 13 Oct 2012, 03:22
sepandee wrote:
piyatiwari wrote:
Clear D.

(D) Government-sponsored research conducted at Logos University for the most part duplicates research already completed by several profit-making corporations.
>>> If the research done at university is already done by other corporations, there will be no buys for patents from the university. Which shatters Administrators' plans.

And here's where my problem is. The passage talks about patents, a document which provides exclusive right to an organization to make and sell an invention. If the university comes up with invention X and gets it patented, then any duplicates of X completed by several profit-making corporations cannot be sold by those corporations because it's now patented. So whether those profitable corporations are making duplicates of Logos' inventions or not does not matter if Logos gets them patented since they won't be able to sell it or even build it after it's been patented.


hi - you are seeing the time events in the reverse order. Its actually the other way around.
Government-sponsored research conducted at Logos University for the most part duplicates research already completed by some 1 else hence there are no new stuffs that Logos can sell because the companies already have these patents...
HTH
Intern
Intern
Joined: 06 Oct 2012
Posts: 10
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: A new law gives ownership of patents-documents providing [#permalink] New post 01 Jan 2013, 11:43
I was stuck between D and E.

Here my approach;

Conclusion :Administrators at Logos University plan to sell any patents they acquire to corporations in order to fund programs to improve undergraduate teaching.

Assumptions:

1.Logos will create patent to sell. To do so, Logos need a sponsorship (govrenment)
2.Logos will sell its patents.

Answer Choices:

D.Government-sponsored research conducted at Logos University for the most part duplicates research already completed by several profit-making corporations.

My comment: what if the others, except for the mentioned several corporations, buy these patents? -- related to assumption 2.

E.Logos University is unlikely to attract corporate sponsorship of its scientific research.

My comment: what if Logos cannot find a sponsorship? Then, cannot produce patents and cannot sell them. --related to assumption 1.

Any comments on my comments :)
Senior Manager
Senior Manager
Joined: 09 Jun 2010
Posts: 456
Followers: 0

Kudos [?]: 14 [0], given: 39

GMAT Tests User
Re: A new law gives ownership of patents-documents providing [#permalink] New post 28 Jan 2013, 02:35
the arguemt is

selling pattern will make profit

do x , Y will happen (proposal passage)

prethinking an assumption:

there is not bad agent

prethink weakener:

possibly there is bad agent.

go to answer choices,look for match , D match. D is a bad agent.
Senior Manager
Senior Manager
Joined: 22 Nov 2010
Posts: 260
Location: India
GMAT 1: 670 Q49 V33
WE: Consulting (Telecommunications)
Followers: 5

Kudos [?]: 20 [0], given: 68

Re: A new law gives ownership of patents-documents providing [#permalink] New post 22 Feb 2013, 02:07
This is not a "Conclusion" question. Please remove the conclusion tag. Thanks
_________________

YOU CAN, IF YOU THINK YOU CAN

Re: A new law gives ownership of patents-documents providing   [#permalink] 22 Feb 2013, 02:07
    Similar topics Author Replies Last post
Similar
Topics:
New posts A new law gives ownership of patents documents providing krish 3 23 Sep 2004, 03:37
New posts Give it a whirl... -- In accordance with new legislation, JoshKnewton 8 28 May 2010, 07:01
Popular new posts 1 A new law gives ownership of patents documents providing noboru 26 03 Jun 2010, 07:12
New posts 1 A new law gives ownership of patents-documents providing betterscore 7 19 Jul 2012, 11:02
This topic is locked, you cannot edit posts or make further replies. New A new law gives ownership of patents documents providing ratinarace 1 15 Feb 2013, 04:00
Display posts from previous: Sort by

A new law gives ownership of patents-documents providing

  Question banks Downloads My Bookmarks Reviews  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.