Exam 12: The Importance of Intellectual Property

Copyright law protects any work of authorship ________.

In terms of priority in filing a patent application, the United States uses a first-to- ________ system.

The average time for the approval of a patent is approximately seven months.

There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intellectual asset. First, a firm should determine if the intellectual property has value in the marketplace. Second, a firm should determine if its intellectual property ________.

Which of the following items would typically be protected by a form of intellectual property protection other than trade secret statutes?

Which of the following is not a type of trademark?

The federal Economic Espionage Act, passed in 1996, criminalizes ________.

Design patents are the most common type of patent and cover what we generally think of as new inventions.

Which of the following is not an example of intellectual property?

A ________ is any word, name, symbol, or device used to identify the source of origin of products or services and to distinguish those products or services from others.

According to current regulations, any copyrightable work created on or after January 1, 1978, is protected by copyright law for the life of the author plus ________ years.

A trademark is a form of intellectual property protection that grants to the owner of a work of authorship the legal right to determine how the work is used and to obtain the economic benefits from the work.

Which of the following was not identified in the textbook as one of the common mistakes that entrepreneurs make regarding intellectual property?

A trademark is a word, name, symbol, or device used to identify the source or origin of products or services and to distinguish those products or services from others.

Marks that are merely descriptive of a product or service can be trademarked.

Trademark law falls under the Lanham Act, which passed in 1946.

Which of the following are the four key forms of intellectual property protection?

Which of the following is not generally eligible for trademark protection?

Copyright ________ occurs when one work derives from another or is an exact copy or shows substantial similarity to the original work.

________ patents are the second most common type of patent and cover the invention of new, original, and ornamental designs for manufactured products.