Question 1

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

Accepted Answer

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

Question 2

Copyright registration permits a holder to obtain statutory damages for copyright infringement,which may be greater than actual damages,and attorney's fees.

Accepted Answer

A) True 
 B)False

Question 3

What happens to the ownership of a copyrighted work after the copyright period expires?

Accepted Answer

A) A non-copyright holder can use the work,but he or she must first purchase the rights to the work. 
B) The work enters the public domain and can be used for free. 
C) The copyright can be renewed for a fee by the original creator of the work. 
D) The government takes over ownership of the work and provides public access for a fee. 
A) A non-copyright holder can use the work,but he or she must first purchase the rights to the work. 
B) The work enters the public domain and can be used for free. 
C) The copyright can be renewed for a fee by the original creator of the work. 
D) The government takes over ownership of the work and provides public access for a fee.

Question 4

When is a mark said to have acquired a secondary meaning?

Accepted Answer

A) when a mark that resembles a mark already registered with the U.S.Patent and Trademark Office is used for a new product or service 
B) when ordinary words establish a new meaning due to its attachment to a product or service 
C) when a distinctive mark or design is created for a new product or service 
D) when descriptive words are used that have no direct relevance to a product or service 
A) when a mark that resembles a mark already registered with the U.S.Patent and Trademark Office is used for a new product or service 
B) when ordinary words establish a new meaning due to its attachment to a product or service 
C) when a distinctive mark or design is created for a new product or service 
D) when descriptive words are used that have no direct relevance to a product or service

Question 5

A ________ patent protects the functionality of an invention.

Accepted Answer

A) utility 
B) method 
C) design 
D) process 
A) utility 
B) method 
C) design 
D) process

Question 6

Explain the process of copyright registration.

Accepted Answer

To be protected under federal copyright

Question 7

In terms of the unauthorized use of copyrighted materials,the fair use doctrine does not allow reproduction of a work in a legislative or judicial proceeding.

Accepted Answer

A) True 
 B)False

Question 8

A certification mark is usually owned by a for-profit corporation.

Accepted Answer

A) True 
 B)False

Question 9

A(n)________ is a patent that protects the functionality of an invention.

Accepted Answer

The answer of A(n)________ is a patent that protects the...

Question 10

Distinctive marks are ordinary words or symbols that have an established meaning but have acquired a secondary meaning attached to a product or service.

Accepted Answer

A) True 
 B)False

Question 11

The U.S.Patent and Trademark Office (PTO)grants approximately how many patents each year?

Accepted Answer

A) 250,000 
B) 500,000 
C) 675,000 
D) 775,000 
A) 250,000 
B) 500,000 
C) 675,000 
D) 775,000

Question 12

A competitor can lawfully use a rival's trade secret if the competitor discovers the trade secret by means of ________.

Accepted Answer

A) copyrighting 
B) cross-licensing 
C) patenting 
D) reverse engineering 
A) copyrighting 
B) cross-licensing 
C) patenting 
D) reverse engineering

Question 13

A ________ is a legal right that gives the author of qualifying subject matter the exclusive right to publish,produce,sell,license,and distribute the work.

Accepted Answer

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

Question 14

Which of the following is true of a patent application?

Accepted Answer

A) A patent application can be moved to the top of the list of other patents for review by the U.S.Patent and Trademark Office if the inventor pays $25,000. 
B) The U.S.Patent and Trademark Office must make a decision whether to grant a patent within a year from the date of filing a patent application. 
C) An inventor may file a provisional application with the U.S.Patent and Trademark Office and get a maximum of five days to prepare and file a final and complete patent application. 
D) The U.S.Patent and Trademark Office can grant priority to patent applications for products that are important to the national economy. 
A) A patent application can be moved to the top of the list of other patents for review by the U.S.Patent and Trademark Office if the inventor pays $25,000. 
B) The U.S.Patent and Trademark Office must make a decision whether to grant a patent within a year from the date of filing a patent application. 
C) An inventor may file a provisional application with the U.S.Patent and Trademark Office and get a maximum of five days to prepare and file a final and complete patent application. 
D) The U.S.Patent and Trademark Office can grant priority to patent applications for products that are important to the national economy.

Question 15

Under patent law,it is acceptable to patent tax strategies.

Accepted Answer

A) True 
 B)False

Question 16

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

Question 17

How is a copyright different from a patent?

Accepted Answer

A) Federal law applies to a copyright,while individual state law applies to a patent. 
B) A copyright,not a patent,must be novel and useful. 
C) A copyright protects an invention,while a patent protects a tangible writing. 
D) The period of protection for a copyright is longer than the period of protection for a patent. 
A) Federal law applies to a copyright,while individual state law applies to a patent. 
B) A copyright,not a patent,must be novel and useful. 
C) A copyright protects an invention,while a patent protects a tangible writing. 
D) The period of protection for a copyright is longer than the period of protection for a patent.

Question 18

A patent can only be claimed for a limited amount of time.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is an accurate statement regarding the Berne Convention,an international copyright treaty?

Accepted Answer

A) The treaty eliminates the need to place the copyright symbol or the word "copyright" on a copyrighted work. 
B) The treaty makes it mandatory to place the copyright symbol on all copyrighted works. 
C) The treaty stipulates the time period a copyright can be retained by the copyright holder before it enters the public domain. 
D) The treaty sets the rules for how copyright can be dealt with when sharing copyrighted work between governments. 
A) The treaty eliminates the need to place the copyright symbol or the word "copyright" on a copyrighted work. 
B) The treaty makes it mandatory to place the copyright symbol on all copyrighted works. 
C) The treaty stipulates the time period a copyright can be retained by the copyright holder before it enters the public domain. 
D) The treaty sets the rules for how copyright can be dealt with when sharing copyrighted work between governments.

Question 20

Trademarks that have become generic names are protected under federal trademark law.

Accepted Answer

A) True 
 B)False

Exam 8: Intellectual Property and Cyber Piracy

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

Copyright registration permits a holder to obtain statutory damages for copyright infringement,which may be greater than actual damages,and attorney's fees.

What happens to the ownership of a copyrighted work after the copyright period expires?

When is a mark said to have acquired a secondary meaning?

A ________ patent protects the functionality of an invention.

Explain the process of copyright registration.

In terms of the unauthorized use of copyrighted materials,the fair use doctrine does not allow reproduction of a work in a legislative or judicial proceeding.

A certification mark is usually owned by a for-profit corporation.

A(n)________ is a patent that protects the functionality of an invention.

Distinctive marks are ordinary words or symbols that have an established meaning but have acquired a secondary meaning attached to a product or service.

The U.S.Patent and Trademark Office (PTO)grants approximately how many patents each year?

A competitor can lawfully use a rival's trade secret if the competitor discovers the trade secret by means of ________.

A ________ is a legal right that gives the author of qualifying subject matter the exclusive right to publish,produce,sell,license,and distribute the work.

Which of the following is true of a patent application?

Under patent law,it is acceptable to patent tax strategies.

A ________ 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.

How is a copyright different from a patent?

A patent can only be claimed for a limited amount of time.

Which of the following is an accurate statement regarding the Berne Convention,an international copyright treaty?

Trademarks that have become generic names are protected under federal trademark law.

Legal Heritage and the Digital Age

Ethics and Social Responsibility of Business

Courts, Jurisdiction, and Administrative Agencies

Alternative, Judicial, and E-Dispute Resolution

Constitutional Law for Business and E-Commerce

Torts and Strict Liability

Cyber Law and Cyber Crimes

Formation and Requirements of Contracts

Performance and Breach of Contracts

Digital Law and E-Commerce

UCC Sales Contracts, Leases, and Warranties

Credit, Secured Transactions, and Bankruptcy

Small Business, General Partnerships, and Limited Partnerships

Limited Liability Companies, Limited Liability Partnerships, and Special Forms of Business

Corporations and Corporate Governance

Investor Protection, E-Securities, and Wall Street Reform

Agency Law

Equal Opportunity in Employment

Employment Law and Worker Protection

Labor Law and Immigration Law

Antitrust Law and Unfair Trade Practices

Consumer Protection

Environmental Protection

Real Property and Land Use Regulation

International and World Trade Law

Accountants' Duties and Liability

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