Exam (elaborations)
BUS 5115 Unit 5 Written Assignment Guide
- Course
- Institution
A guide to assignment on modified organisms in agricultural technology and the ethical perspective. A total of 3 pages containing detailed descriptions.
[Show more]
Seller
Follow
MasterAddis
Reviews received
Content preview
Written Assignment Unit 5MBA Business Administration
University of the People
BUS 5115-Business Law, Ethics, and Social Responsibility
Agricultural-Biological-Technology is the future, and a company developing a new “gene”
that would make food more nutritious would have a valuable asset if no other company
could use their discovery. Make an argument as to why businesses that develop modified
organisms should be able to preserve their property rights by patenting such organisms.
It is an accepted idea that the person who came up with a new idea should be recognized and
deserves to take credit for his invention. This idea could help society in one way or another. The
arrangement was basically for ideas concerning physical phenomena or abstract ideas the
originator of the idea will be recognized but no form of financial compensation for the use of the
idea by others. If the idea takes a tangible form the inventor will have exclusive possession.
The legal system provides the inventor a lawful monopoly for a limited period to benefit society
from the use of this new idea while respecting the ownership of the inventor. In the U.S.,
Congress has the authority to establish a Federal Statuary body of law that provides patents
based on the Federal patent statutes (title 35 of the United States Code) derived from article
section 8, of the Constitution.
The inventor and their backers will have exclusive rights to produce, use, or sell their invention
for the specified period and then disclose all information related to this invention to the public
(Zhou, 2015). The purpose of this law was to encourage inventors and their financial backers that
risk their time and money in research and development by providing patents. The law will also
encourage public disclosure of inventions or new ideas which might be kept without the
protection of this law (Zhou, 2015).
There are many advantages that we can see from providing patents for companies that focus on
developing modified organisms by manipulating genes. The patent will provide these companies
ample time to research their discovery without competition, which is useful true for smaller
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MasterAddis. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now