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

It is currently 28 Jul 2016, 21:12
GMAT Club Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

A new law gives ownership of patents documents providing

  post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Manager
Manager
avatar
Joined: 26 Jul 2011
Posts: 125
Location: India
WE: Marketing (Manufacturing)
Followers: 1

Kudos [?]: 88 [0], given: 15

A new law gives ownership of patents documents providing [#permalink]

Show Tags

New post 15 Feb 2013, 04:00
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

86% (02:10) correct 14% (01:06) wrong based on 37 sessions

HideShow timer Statistics

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 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
Director
Director
User avatar
Status:
Joined: 24 Jul 2011
Posts: 942
GMAT 1: 780 Q51 V48
GRE 1: 1540 Q800 V740
Followers: 107

Kudos [?]: 466 [0], given: 18

Re: A new law gives ownership of patents [#permalink]

Show Tags

New post 15 Feb 2013, 22:10
The university is planning to sell patents that are the result of govt funded research in order to fund its undergraduate teaching program. Notice that the stem asks us about the answer choice that casts the most doubt on the validity of the plan.

[A]: Even if corporations try to serve as exclusive sponsors, the university will still get sponsorship as well as money from selling the patents. This does not cast any doubt on whether the plan will work. Incorrect.
[B]: Tax credits to corporate sponsors are irrelevant for the university, and if anything they only encourage corporations to sponsor research. Incorrect.
[C]: The teaching need not be done by the research scientists alone. Incorrect.
[D]: CORRECT. If govt-sponsored research duplicates corporate research, corporate organizations will have no interest in the research or patents, and so will not buy the patents. This puts the whole plan in jeopardy.
[E]: This is not a problem. The programs are already govt funded. Incorrect.
_________________

GyanOne | Top MBA Rankings and MBA Admissions Blog

Top MBA Admissions Consulting | Top MiM Admissions Consulting

Premium MBA Essay Review|Best MBA Interview Preparation|Exclusive GMAT coaching

Get a FREE Detailed MBA Profile Evaluation | Call us now +91 98998 31738

Re: A new law gives ownership of patents   [#permalink] 15 Feb 2013, 22:10
    Similar topics Author Replies Last post
Similar
Topics:
1 A new law gives ownership of patents-documents providing sepandee 11 12 Oct 2012, 09:32
5 A new law gives ownership of patents-documents providing betterscore 11 19 Jul 2012, 11:02
Experts publish their posts in the topic Intellectual property laws protect patent holders from anin 12 09 Jul 2010, 12:06
11 Experts publish their posts in the topic A new law gives ownership of patents documents providing noboru 40 03 Jun 2010, 07:12
3 Stronger patent laws are needed to protect inventions from SudiptoGmat 10 14 Jan 2010, 10:13
Display posts from previous: Sort by

A new law gives ownership of patents documents providing

  post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| 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®.