Question 1

Patent rights granted to an individual in the United States extend only within the borders of the United States; they have no effect in any foreign country.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of the following forms of intellectual property (IP) offers the highest degree of protection?

Accepted Answer

A)  Patents 
B)  Copyrights 
C)  Contracts 
D)  Trade secrets 
E)  Trademarks 
A)  Patents 
B)  Copyrights 
C)  Contracts 
D)  Trade secrets 
E)  Trademarks A

Question 3

Businesses create a lot of knowledge for their owners and that knowledge has no intrinsic value.

Accepted Answer

A) True 
 B)False  False

Question 4

A company's logo can be a trademark.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following prohibits the falsification, alteration, or removal of copyright management data on digital copies, making it a crime to circumvent an encrypted work without authorization?

Accepted Answer

A)  The Copyright Extension Act of 1998 
B)  The United States P atent and Trademark Office (USPTO) 
C)  The  Digital Millennium Copyright Act (DMC
A)  
D)  The Trademark Dilution Revision Act 
E)  The Doctrine of Fair Use 
A)  The Copyright Extension Act of 1998 
B)  The United States P atent and Trademark Office (USPTO) 
C)  The  Digital Millennium Copyright Act (DMC
A)  
D)  The Trademark Dilution Revision Act 
E)  The Doctrine of Fair Use

Question 6

Section 107 of the _____ asserts that reproduction of a copyrighted work is "fair" when it is done for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.

Accepted Answer

A)  Copyright Protection Act 
B)  Doctrine of Fair Use 
C)  Digital Millennium Copyright Act (DMC
A)  
D)  Copyright Extension Act of 1998 
E)  First Sale Doctrine 
A)  Copyright Protection Act 
B)  Doctrine of Fair Use 
C)  Digital Millennium Copyright Act (DMC
A)  
D)  Copyright Extension Act of 1998 
E)  First Sale Doctrine

Question 7

During the second step of the patent process, the United States Patent and Trademark Office (USPTO)

Accepted Answer

A)  conducts a search of its patent records for prior art. 
B)  issues a notice of allowance. 
C)  accepts or denies the application claim. 
D)  requires fees to be paid. 
E)  issues a provisional patent contingent upon no existence of prior art. 
A)  conducts a search of its patent records for prior art. 
B)  issues a notice of allowance. 
C)  accepts or denies the application claim. 
D)  requires fees to be paid. 
E)  issues a provisional patent contingent upon no existence of prior art.

Question 8

Which of the following is the most common reason that trademarks are denied?

Accepted Answer

A)  The mark is immoral or deceptive. 
B)  The mark uses a person's name or likeness without permission. 
C)  The mark is deceptively misdescriptive. 
D)  The mark is likely to create confusion with an existing trademark in the marketplace. 
E)  None of these are correct. 
A)  The mark is immoral or deceptive. 
B)  The mark uses a person's name or likeness without permission. 
C)  The mark is deceptively misdescriptive. 
D)  The mark is likely to create confusion with an existing trademark in the marketplace. 
E)  None of these are correct.

Question 9

Briefly discuss the three patent strategies a business might use to coordinate its intellectual property strategy with its business strategy.

Accepted Answer

The three major patent strategies that a

Question 10

A _____ patent application permits inventors to use the term patent pending .

Accepted Answer

A)  nonprovisional 
B)  provisional 
C)  formal 
D)  utility 
E)  plant 
A)  nonprovisional 
B)  provisional 
C)  formal 
D)  utility 
E)  plant

Question 11

What are the provisions of the Digital Millennium Copyright Act (DMCA)?

Accepted Answer

The DMCA prohibits the falsification, al

Question 12

Which of the following protect original works of authors, composers, screenwriters, and computer programmers?

Accepted Answer

A)  Trademarks 
B)  Copyrights 
C)  Trade secrets 
D)  Patents 
E)  All of these are correct. 
A)  Trademarks 
B)  Copyrights 
C)  Trade secrets 
D)  Patents 
E)  All of these are correct.

Question 13

In the United States, a trademark

Accepted Answer

A)  cannot be registered until it is actually in use . 
B)  can be sold to potential users . 
C)  can easily be registered . 
D)  has a short life . 
E)  must be renewed every 10 years . 
A)  cannot be registered until it is actually in use . 
B)  can be sold to potential users . 
C)  can easily be registered . 
D)  has a short life . 
E)  must be renewed every 10 years .

Question 14

Intellectual property (IP) is different from personal property in that it cannot be bought, sold, donated, licensed, or exchanged for something of equal value.

Accepted Answer

A) True 
 B)False

Question 15

A c opyright protects

Accepted Answer

A)  a  concept. 
B)  an  idea. 
C)  a  thought process. 
D)  t he form in which an idea is displayed. 
E)  All of these are correct. 
A)  a  concept. 
B)  an  idea. 
C)  a  thought process. 
D)  t he form in which an idea is displayed. 
E)  All of these are correct.

Question 16

The doctrine of infringement protects inventors from infringers who would violate a patent by making small, insignificant changes in the claims.

Accepted Answer

A) True 
 B)False

Question 17

What are the three things that a basic copyright notice should include?

Accepted Answer

A copyright notice should use

Question 18

In general, _____ are the most time sensitive of all forms of intellectual property (IP).

Accepted Answer

A)  patents 
B)  contracts 
C)  trade secrets 
D)  copyrights 
E)  trademarks 
A)  patents 
B)  contracts 
C)  trade secrets 
D)  copyrights 
E)  trademarks

Question 19

_____  patents are the most common type of patent.

Accepted Answer

A)  Utility 
B)  Biological 
C)  Design 
D)  Business method 
E)  Plant 
A)  Utility 
B)  Biological 
C)  Design 
D)  Business method 
E)  Plant

Question 20

A _____ consists of a formula, device, idea, process, pattern, or compilation of information that gives the owner a competitive advantage in the marketplace, is novel in the sense that it is not common knowledge, and is kept in a reasonably confidential state.

Accepted Answer

A)  copyright 
B)  patent 
C)  trade secret 
D)  property right 
E)  trademark 
A)  copyright 
B)  patent 
C)  trade secret 
D)  property right 
E)  trademark

Patent rights granted to an individual in the United States extend only within the borders of the United States; they have no effect in any foreign country.

Which of the following forms of intellectual property (IP) offers the highest degree of protection?

Businesses create a lot of knowledge for their owners and that knowledge has no intrinsic value.

A company's logo can be a trademark.

Which of the following prohibits the falsification, alteration, or removal of copyright management data on digital copies, making it a crime to circumvent an encrypted work without authorization?

Section 107 of the _____ asserts that reproduction of a copyrighted work is "fair" when it is done for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.

During the second step of the patent process, the United States Patent and Trademark Office (USPTO)

Which of the following is the most common reason that trademarks are denied?

Briefly discuss the three patent strategies a business might use to coordinate its intellectual property strategy with its business strategy.

A _____ patent application permits inventors to use the term patent pending .

What are the provisions of the Digital Millennium Copyright Act (DMCA)?

Which of the following protect original works of authors, composers, screenwriters, and computer programmers?

In the United States, a trademark

Intellectual property (IP) is different from personal property in that it cannot be bought, sold, donated, licensed, or exchanged for something of equal value.

A c opyright protects

The doctrine of infringement protects inventors from infringers who would violate a patent by making small, insignificant changes in the claims.

What are the three things that a basic copyright notice should include?

In general, _____ are the most time sensitive of all forms of intellectual property (IP).

_____ patents are the most common type of patent.

A _____ consists of a formula, device, idea, process, pattern, or compilation of information that gives the owner a competitive advantage in the marketplace, is novel in the sense that it is not common knowledge, and is kept in a reasonably confidential state.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping and Validating a Solution

Building the Founding Team

Calculating Startup Capital Requirements

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

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Exam 7: Protecting the Startups Assets

Patent rights granted to an individual in the United States extend only within the borders of the United States; they have no effect in any foreign country.

Which of the following forms of intellectual property (IP) offers the highest degree of protection?

Businesses create a lot of knowledge for their owners and that knowledge has no intrinsic value.

A company's logo can be a trademark.

Which of the following prohibits the falsification, alteration, or removal of copyright management data on digital copies, making it a crime to circumvent an encrypted work without authorization?

Section 107 of the _____ asserts that reproduction of a copyrighted work is "fair" when it is done for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.

During the second step of the patent process, the United States Patent and Trademark Office (USPTO)

Which of the following is the most common reason that trademarks are denied?

Briefly discuss the three patent strategies a business might use to coordinate its intellectual property strategy with its business strategy.

A _____ patent application permits inventors to use the term patent pending .

What are the provisions of the Digital Millennium Copyright Act (DMCA)?

Which of the following protect original works of authors, composers, screenwriters, and computer programmers?

In the United States, a trademark

Intellectual property (IP) is different from personal property in that it cannot be bought, sold, donated, licensed, or exchanged for something of equal value.

A c opyright protects

The doctrine of infringement protects inventors from infringers who would violate a patent by making small, insignificant changes in the claims.

What are the three things that a basic copyright notice should include?

In general, _____ are the most time sensitive of all forms of intellectual property (IP).

_____ patents are the most common type of patent.

A _____ consists of a formula, device, idea, process, pattern, or compilation of information that gives the owner a competitive advantage in the marketplace, is novel in the sense that it is not common knowledge, and is kept in a reasonably confidential state.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping and Validating a Solution

Building the Founding Team

Calculating Startup Capital Requirements

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

Filters