Dive into the world of business and economics with this collection of reading comprehension practice articles. Mastering reading comprehension passages on exams such as the GRE and GMAT requires a well-rounded reading skill with practice on a wide variety of topics.
RC Passages in the GMAT and GRE that are based on business and economics themes can choose to discuss labour practices, managerial skills, equity and diversity at the workplace, economic theories and principles, or can also deep dive into recessions or stock trading. This reading list offers engaging articles that mirror this diverse reading experience and the structure and themes of typical test passages, expanding your knowledge while sharpening your comprehension skills.
Each article includes a focused practice question, simulating the exam experience and allowing you to gauge your understanding. Additionally, a concise summary provided will help you hone your reading comprehension strategy by checking your grasp of the main ideas.
This list is constantly growing! Bookmark this blog for regular updates and fresh reading comprehension practice. For even more resources, subscribe to our YouTube and Instagram channels for weekly #wizreadswednesdays updates.
AI and Intellectual Property | March 13, 2024
This interesting article explores how generative AI can be used to protect intellectual property. The article elucidates different strategies for firms of different sizes. Read the moderate difficulty article to know more.
Read the Business & Economics RC Passage
Answer this Medium Difficulty Extrapolation Question
Which of the following is another illustration of the concept of “cross-licensing”?
- When firm D infringes on a patent of firm E, then firm E should be allowed to use a patented product or process of firm D, license free.
- When firms D and E infringe on each other’s patents, neither should be allowed to use the patented product or process.
- When firm D infringes on firm E’s patents and firm E infringes on firm G’s patents, then firm G should be allowed to use firm D’s patented product or process.
- When firms D and E infringe on each other’s patents, they should both be allowed to use the identified patents for a limited time, on mutual agreement.
- When firms D and E infringe on each other’s patents, the best resolution can be achieved through legal counterattacks.
RC Question Answer & Explanation ▼
According to the passage, “cross-licensing” is a process by which two large firms that find that they are violating each other’s patents can choose to share the usage of all patents, for a duration of time, instead of going to court. This allows both firms to grow.
Correct Answer: Option (4) is the closest match and the correct answer.
Categories: March 2024 | Moderate
A high stake on stakeholders | Feb 21, 2024
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