Question 1

Which of the following statements is true of the patent period in the United States?

Accepted Answer

A)  After the patent period runs out, the patented invention is retracted from the public domain. 
B)  After the patent period runs out, the patented invention enters the inventor's private domain. 
C)  The patent period begins to run from the date the patent application is filed. 
D)  The patent period begins to run from the date the patent is issued. 
A)  After the patent period runs out, the patented invention is retracted from the public domain. 
B)  After the patent period runs out, the patented invention enters the inventor's private domain. 
C)  The patent period begins to run from the date the patent application is filed. 
D)  The patent period begins to run from the date the patent is issued.

Question 2

A service mark is a distinctive mark,symbol,name,word,motto,or device that identifies the goods of a particular business.

Accepted Answer

A) True 
 B)False

Question 3

Discuss the endemic nature of copyright infringement in today's digital world.

Accepted Answer

Copyright infringement occurs when a par

Question 4

In terms of copyright law,the use of copyrighted material in a satire or parody would be an example of ________.

Accepted Answer

A)  copyright infringement 
B)  application of fair use doctrine 
C)  piracy 
D)  application of public use doctrine 
A)  copyright infringement 
B)  application of fair use doctrine 
C)  piracy 
D)  application of public use doctrine

Question 5

________ is a symbol that designates an owner's legal claim to an unregistered mark that is associated with a product.

Accepted Answer

A)  SM 
B)  TM 
C)  ® 
D)  © 
A)  SM 
B)  TM 
C)  ® 
D)  ©

Question 6

________ is a symbol that designates an owner's legal claim to an unregistered mark that is associated with a service.

Accepted Answer

A)  SM 
B)  TM 
C)  © 
D)  ® 
A)  SM 
B)  TM 
C)  © 
D)  ®

Question 7

A ________ is a legal right that gives the author of qualifying subject matter,and who meets other requirements established by law,the exclusive right to publish,produce,sell,license,and distribute the work.

Accepted Answer

A)  trade secret 
B)  trademark 
C)  copyright 
D)  service mark 
A)  trade secret 
B)  trademark 
C)  copyright 
D)  service mark

Question 8

Which of the following can be patented as a utility patent?

Accepted Answer

A)  a lithograph of a court proceeding 
B)  a theory involving intangible abstractions 
C)  a sound recording of an opera 
D)  a schematic depiction of a motor 
A)  a lithograph of a court proceeding 
B)  a theory involving intangible abstractions 
C)  a sound recording of an opera 
D)  a schematic depiction of a motor

Question 9

Examine the concept of reverse engineering with regard to trade secrets and differentiate it from misappropriation.

Accepted Answer

Reverse engineering refers to the act of

Question 10

A patent is a grant by the federal government upon the inventor of an invention for the exclusive right to use,sell,or license the invention for a limited amount of time.

Accepted Answer

A) True 
 B)False

Question 11

A utility patent is a patent that may be obtained for the ornamental nonfunctional design of an item.

Accepted Answer

A) True 
 B)False

Question 12

The ® symbol is used to designate marks that have not been registered with the U.S.Patent and Trademark Office.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is a similarity between the ® symbol and the © symbol?

Accepted Answer

A)  Both are not mandatory to be used by their respective owners. 
B)  Both are valid for a period of 10 years after which both must be renewed. 
C)  Both are subject to the rules described by the fair use doctrine. 
D)  Both are valid for a period of 10 years after which neither can be renewed. 
A)  Both are not mandatory to be used by their respective owners. 
B)  Both are valid for a period of 10 years after which both must be renewed. 
C)  Both are subject to the rules described by the fair use doctrine. 
D)  Both are valid for a period of 10 years after which neither can be renewed.

Question 14

Which of the following is true of trademarks?

Accepted Answer

A)  Words that are descriptive but have no secondary meaning cannot be trademarked. 
B)  Trademarks are subject to the fair use doctrine that allows lawful use of another's trademark. 
C)  Marks that resemble an already registered mark can be trademarked. 
D)  The coat of arms of a nation can be registered as a trademark with the U.S. Patent and Trademark Office. 
A)  Words that are descriptive but have no secondary meaning cannot be trademarked. 
B)  Trademarks are subject to the fair use doctrine that allows lawful use of another's trademark. 
C)  Marks that resemble an already registered mark can be trademarked. 
D)  The coat of arms of a nation can be registered as a trademark with the U.S. Patent and Trademark Office.

Question 15

A mark is any trade name,symbol,word,logo,design,or device used to identify and distinguish goods of a manufacturer or seller or services of a provider from those of other manufacturers,sellers,or providers.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is true of a generic name?

Accepted Answer

A)  It is an obscure mark that is yet to be recognized widely. 
B)  It is perceived by the public as a common name rather than a trademark. 
C)  It is used to gain protection under trademark law by rigorous promotion of the mark. 
D)  It is implemented to turn a common name into a trademark. 
A)  It is an obscure mark that is yet to be recognized widely. 
B)  It is perceived by the public as a common name rather than a trademark. 
C)  It is used to gain protection under trademark law by rigorous promotion of the mark. 
D)  It is implemented to turn a common name into a trademark.

Question 17

Patent ________ is defined as the unauthorized use of another's patent.

Accepted Answer

A)  application 
B)  infringement 
C)  prosecution 
D)  litigation 
A)  application 
B)  infringement 
C)  prosecution 
D)  litigation

Question 18

A ________ is a product formula,pattern,design,compilation of data,customer list,or other covert business information.

Accepted Answer

A)  copyright 
B)  patent 
C)  trade secret 
D)  trademark 
A)  copyright 
B)  patent 
C)  trade secret 
D)  trademark

Question 19

Which of the following is true of a copyright?

Accepted Answer

A)  It is subject to the fair use doctrine that permits limited unauthorized use of copyrighted material. 
B)  It is signified by the symbol ® which must be placed on copyrighted work according to the Berne Convention. 
C)  It is applicable to intangible ideas and unwritten abstractions. 
D)  It is valid for an indefinite period of time and is permanently restricted from entry into the public domain. 
A)  It is subject to the fair use doctrine that permits limited unauthorized use of copyrighted material. 
B)  It is signified by the symbol ® which must be placed on copyrighted work according to the Berne Convention. 
C)  It is applicable to intangible ideas and unwritten abstractions. 
D)  It is valid for an indefinite period of time and is permanently restricted from entry into the public domain.

Question 20

Which of the following is true of the certification mark?

Accepted Answer

A)  Its use is restricted to members within the organization owning the mark. 
B)  It is usually owned by a nonprofit association or organization. 
C)  It requires its holders to meet certain standards set by parties outside the organization. 
D)  It identifies membership in an organization but does not identify goods or services. 
A)  Its use is restricted to members within the organization owning the mark. 
B)  It is usually owned by a nonprofit association or organization. 
C)  It requires its holders to meet certain standards set by parties outside the organization. 
D)  It identifies membership in an organization but does not identify goods or services.

Exam 7: Intellectual Property and Cyber Piracy

Which of the following statements is true of the patent period in the United States?

A service mark is a distinctive mark,symbol,name,word,motto,or device that identifies the goods of a particular business.

Discuss the endemic nature of copyright infringement in today's digital world.

In terms of copyright law,the use of copyrighted material in a satire or parody would be an example of ________.

________ is a symbol that designates an owner's legal claim to an unregistered mark that is associated with a product.

________ is a symbol that designates an owner's legal claim to an unregistered mark that is associated with a service.

A ________ is a legal right that gives the author of qualifying subject matter,and who meets other requirements established by law,the exclusive right to publish,produce,sell,license,and distribute the work.

Which of the following can be patented as a utility patent?

Examine the concept of reverse engineering with regard to trade secrets and differentiate it from misappropriation.

A patent is a grant by the federal government upon the inventor of an invention for the exclusive right to use,sell,or license the invention for a limited amount of time.

A utility patent is a patent that may be obtained for the ornamental nonfunctional design of an item.

The ® symbol is used to designate marks that have not been registered with the U.S.Patent and Trademark Office.

Which of the following is a similarity between the ® symbol and the © symbol?

Which of the following is true of trademarks?

A mark is any trade name,symbol,word,logo,design,or device used to identify and distinguish goods of a manufacturer or seller or services of a provider from those of other manufacturers,sellers,or providers.

Which of the following is true of a generic name?

Patent ________ is defined as the unauthorized use of another's patent.

A ________ is a product formula,pattern,design,compilation of data,customer list,or other covert business information.

Which of the following is true of a copyright?

Which of the following is true of the certification mark?

Legal Heritage and the Digital Age

Constitutional Law for Business and E-commerce

Courts and Jurisdiction

Judicial Alternative Administrative and E-Dispute Resolution

Intentional Torts and Negligence

Criminal Law and Cyber Crimes

Ethics and Social Responsibility of Business

Nature of Traditional and E-Contracts

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System and Electronic Financial Transactions

Credit, Real Property Financing, and Secured Transactions

Bankruptcy and Reorganization

Agency law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchise and Special Forms of Business

Investor Protection, E-Securities, and Wall Street Reform

Antitrust Law and Unfair Trade Practices

Consumer Safety and Environmental Protection

Labor, Worker Protection, and Immigration Laws

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Real Property, Landlord-Tenant Law, and Land Use Regulation

Family Law, Wills, and Trusts

Accountants' Duties and Liability

International and World Trade Law

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