Question 1

The Digital Millennium Copyright Act holds Internet service providers liable for illegal copies that pass temporarily through their systems.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements is true of patent enforcement?

Accepted Answer

A)  The explicit purpose of patent law is to maintain secrecy of inventions for an indefinite time period. 
B)  Upon the expiration of a patent, an invention is removed from the public domain. 
C)  Beyond the duration of a patent, the owner can sue those who infringe on it. 
D)  Usually multiple intellectual property rights can cover the same article. 
E)  Patent laws include the right to use the invention. 
A)  The explicit purpose of patent law is to maintain secrecy of inventions for an indefinite time period. 
B)  Upon the expiration of a patent, an invention is removed from the public domain. 
C)  Beyond the duration of a patent, the owner can sue those who infringe on it. 
D)  Usually multiple intellectual property rights can cover the same article. 
E)  Patent laws include the right to use the invention.

Question 3

Civil violation of a trademark or a patent is termed ______.

Accepted Answer

A)  breach 
B)  infringement 
C)  repudiation 
D)  copy 
E)  injunction 
A)  breach 
B)  infringement 
C)  repudiation 
D)  copy 
E)  injunction

Question 4

What are the sources for international standards for the protection of intellectual property rights?

Accepted Answer

The most important source for standards

Question 5

Discuss patent trolls.

Accepted Answer

The pejorative term "patent troll" sugge

Question 6

Discuss "fair use" in the context of trademarks and copyrights.

Accepted Answer

Fair use regarding registered trademarks

Question 7

A(n)_____ patent applies to useful,functional inventions.

Accepted Answer

A)  design 
B)  style 
C)  plant 
D)  ornamental 
E)  utility 
A)  design 
B)  style 
C)  plant 
D)  ornamental 
E)  utility

Question 8

To violate another's trade secret rights,one must ______.

Accepted Answer

A)  misappropriate the information 
B)  use another's information without permission 
C)  engage in unauthorized use of another's information 
D)  steal another's intellectual property 
E)  engage in buying and selling of trade secrets 
A)  misappropriate the information 
B)  use another's information without permission 
C)  engage in unauthorized use of another's information 
D)  steal another's intellectual property 
E)  engage in buying and selling of trade secrets

Question 9

Which of the following statements is true of misappropriation?

Accepted Answer

A)  Innocently acquiring a secret from another without having knowledge of its theft is an act of misappropriation. 
B)  If, through his or her own efforts, one is able to recreate the same information that another considers to be a trade secret, misappropriation has occurred. 
C)  If one acquires a secret from another who has a duty to maintain secrecy and one knows of that duty, misappropriation has occurred. 
D)  Knowledge or performance of a duty to maintain secrecy is irrelevant in the demonstration of misappropriation. 
E)  Recreation of the same information that another considers a trade secret is treated as misappropriation. 
A)  Innocently acquiring a secret from another without having knowledge of its theft is an act of misappropriation. 
B)  If, through his or her own efforts, one is able to recreate the same information that another considers to be a trade secret, misappropriation has occurred. 
C)  If one acquires a secret from another who has a duty to maintain secrecy and one knows of that duty, misappropriation has occurred. 
D)  Knowledge or performance of a duty to maintain secrecy is irrelevant in the demonstration of misappropriation. 
E)  Recreation of the same information that another considers a trade secret is treated as misappropriation.

Question 10

Trademarks indicate a specific producer.

Accepted Answer

A) True 
 B)False

Question 11

Misappropriation occurs when one discloses information that one was under a duty to keep secret,even if the original acquisition was proper.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following defenses can an alleged infringer use to prove that the patent is invalid?

Accepted Answer

A)  The invention is a novelty. 
B)  The invention has utility. 
C)  The invention was previously unknown. 
D)  The invention is obvious. 
E)  The invention has produced unexpected results. 
A)  The invention is a novelty. 
B)  The invention has utility. 
C)  The invention was previously unknown. 
D)  The invention is obvious. 
E)  The invention has produced unexpected results.

Question 13

What is the duration of a patent that represents a property?

Accepted Answer

As the U.S.Constitution specifies,the pr

Question 14

Which of the following protects a "famous" trademark,even if the owner is unable to prove that the public is confused by another's use of a similar mark,and provides the owner with the infringer's profits and actual damages?

Accepted Answer

A)  The Lanham Act 
B)  The Consumer Protection Act 
C)  The Trademark Trial and Appeal Board 
D)  The Robinson-Patman Act 
E)  The Federal Trademark Dilution Act 
A)  The Lanham Act 
B)  The Consumer Protection Act 
C)  The Trademark Trial and Appeal Board 
D)  The Robinson-Patman Act 
E)  The Federal Trademark Dilution Act

Question 15

Hillward Bakers Inc.has been using a logo with the letters "HB" in blue color and a baker's hat above these letters since its inception ten years ago.This logo has since been connected with Hillward Bakery by its customers.Hobert Bakers Inc.,a newly opened bakery and confectionary chain,uses the same logo.Hillward has not registered its logo,but chooses to sue Hobert.Which of the following is true of this case?

Accepted Answer

A)  Hillward cannot sue Hobert since the logo has not been registered as a trademark. 
B)  Hillward can sue Hobert since the logo has been used by Hillward and is associated with it. 
C)  Hobert can defend that Hillward created something that lacks utility and cannot be trademarked. 
D)  Hobert can defend that Hillward created something that was very obvious. 
E)  Hillward cannot sue Hobert because logos cannot be patented or trademarked. 
A)  Hillward cannot sue Hobert since the logo has not been registered as a trademark. 
B)  Hillward can sue Hobert since the logo has been used by Hillward and is associated with it. 
C)  Hobert can defend that Hillward created something that lacks utility and cannot be trademarked. 
D)  Hobert can defend that Hillward created something that was very obvious. 
E)  Hillward cannot sue Hobert because logos cannot be patented or trademarked.

Question 16

Coca-Cola Co.has restricted employees at soda fountains from giving other colas when a customer asks for a "Coke." What is the reason for this decision?

Accepted Answer

The Coca-Cola Co.wants to avoid the loss

Question 17

The one-year grace period applies to ______ law.

Accepted Answer

A)  trademark 
B)  patent 
C)  copyright 
D)  trade secret 
E)  collective mark 
A)  trademark 
B)  patent 
C)  copyright 
D)  trade secret 
E)  collective mark

Question 18

LinkedIn is an example of a service mark.

Accepted Answer

A) True 
 B)False

Question 19

It has been estimated that intangible assets represent a significant portion of the total assets of many large U.S.companies.Name the different kinds of intangible assets businesses might possess.

Accepted Answer

Intangible assets a business might posse

Question 20

One can be liable for materially contributing to another's infringement with knowledge of the infringement.

Accepted Answer

A) True 
 B)False

Exam 11: Intellectual Property

The Digital Millennium Copyright Act holds Internet service providers liable for illegal copies that pass temporarily through their systems.

Which of the following statements is true of patent enforcement?

Civil violation of a trademark or a patent is termed ______.

What are the sources for international standards for the protection of intellectual property rights?

Discuss patent trolls.

Discuss "fair use" in the context of trademarks and copyrights.

A(n)_____ patent applies to useful,functional inventions.

To violate another's trade secret rights,one must ______.

Which of the following statements is true of misappropriation?

Trademarks indicate a specific producer.

Misappropriation occurs when one discloses information that one was under a duty to keep secret,even if the original acquisition was proper.

Which of the following defenses can an alleged infringer use to prove that the patent is invalid?

What is the duration of a patent that represents a property?

Which of the following protects a "famous" trademark,even if the owner is unable to prove that the public is confused by another's use of a similar mark,and provides the owner with the infringer's profits and actual damages?

Coca-Cola Co.has restricted employees at soda fountains from giving other colas when a customer asks for a "Coke." What is the reason for this decision?

The one-year grace period applies to ______ law.

LinkedIn is an example of a service mark.

It has been estimated that intangible assets represent a significant portion of the total assets of many large U.S.companies.Name the different kinds of intangible assets businesses might possess.

One can be liable for materially contributing to another's infringement with knowledge of the infringement.

Law As a Foundation for Business

The Role of Ethics in Decision Making

The Court System

Litigation

Alternative Dispute Resolution

The Constitution

The Property System

Contract Formation

Contractual Performance and Breach

Torts Affecting Business

International Law

Criminal Law and Business

Business Organizations

The Regulatory Process

Regulating Competitionantitrust Laws

Financial and Securities Regulations

Regulations Protecting Consumer Purchases, privacy, and Financial Activities

Environmental Regulation

Discrimination in Employment

Employment Laws

Labormanagement Relationship

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