Exam 3: Organizing and Financing a New Venture

There are four types of "marks" that can be used to try to protect intellectual property.

Which of the following are intellectual property rights that allow firms to differentiate their products and services through the use of unique marks which allow consumers to easily identify the source and quality of the products and services?

Which form of business organization is characterized as having unlimited life?

Confidential disclosure agreements are used to protect intellectual property when disclosure must be made to an outside individual or organization.

The marginal tax rate for the first dollar of taxable income is higher for corporations than for individuals.

Business angels typically initiate their investments during the:

Which of the following forms of protecting intellectual property currently has a protection limit of 20 years?

The average tax rate for a corporation with taxable income of $75,000 would be:

Partnerships are treated with pass-through taxation. This means that profits and losses of the business pass directly through to investors on the basis specified in the partnership agreement.

A "color mark" is considered to be one four types of "marks" used to try to protect intellectual property.

Which form of business organization typically offers the easiest transfer of ownership?

Based on the 2015 tax laws, the highest possible marginal tax rate for corporations is less than the highest rate for individuals.

"Patents" are intellectual property rights granted for inventions that are useful, novel, and obvious.

The rules and procedures established to govern the corporation are called the

Intellectual property can be protected by all of the following except:

Which form of business organization is characterized by having the shortest start-up time and lowest legal costs?

An employment contract is an agreement between an employer and employee about the terms and conditions of employment including the employee's agreement to keep confidential information secret and to assign ideas and inventions to the employer.

Most trademarks take the form of names, words, or graphic designs.

Patents that cover most inventions pertaining to new products, services, and processes, are referred to as:

Based on 2015 tax schedules, the highest marginal tax rate on personal taxable income is: