Exam 50: Intellectual Property

The knowledge that resides within employees is __________ knowledge.

Intellectual property is an umbrella term for the legal property rights related to trade secrets, patents, copyrights, and trademarks.

__________ property is the result of a knowledge flow within an intellectual capital management program.

Trade secrets can include information that is broader than what can be protected with patents or copyrights.

A copyrighted work must exhibit originality, show some degree of creativity, and be fixed in a durable medium.

Personal property is the result of a knowledge flow within an intellectual capital management program.

The key requirement for a protectable trademark is indistinctiveness that indicates the product's source.

A trademark is a nonfunctional, distinctive word, name, shape, symbol, phrase, or a combination of words and symbols that helps consumers to distinguish one product or service from another.

To be patentable, an invention must be new and obvious.

The federal Copyright Act of 1976 allows creators to obtain a copyright by having an "original work of authorship fixed in any tangible medium of expression."

Intellectual property is an umbrella term for the legal property rights except:

__________ knowledge is knowledge that is recorded and available for the company's interpretation, application, and reproduction.

Trade secrets may be independently discovered or reverse engineered with liability.