Question 1

The United States is a working requirement patent jurisdiction.

Accepted Answer

A) True 
 B)False

Question 2

Most companies have its employees sign non-disclosure agreements to try to insure silence when the employee no longer works there.

Accepted Answer

A) True 
 B)False

Question 3

Fair use is use of a copyrighted item with permission.

Accepted Answer

A) True 
 B)False

Question 4

"M & M's" brand candy is:

Accepted Answer

A)  an example of a trademark. 
B)  an example of a generic label not entitled to trademark protection. 
C)  a trademark protectable for 17 years. 
D)  none of the above 
A)  an example of a trademark. 
B)  an example of a generic label not entitled to trademark protection. 
C)  a trademark protectable for 17 years. 
D)  none of the above

Question 5

The Industrial Espionage Act applies to all company information taken without permission.

Accepted Answer

A) True 
 B)False

Question 6

Corporations' copyrights last for 50 years from the time of their creation or release, whichever is later.

Accepted Answer

A) True 
 B)False

Question 7

Under the Industrial Espionage Act, which of the following potential penalties is correct?

Accepted Answer

A)  A corporate fine of up to $1,000,000 
B)  A fine of up to $1,000,000 for an individual 
C)  Imprisonment of up to 25 years for an individual 
D)  A fine of up to $500,000 for an individual 
A)  A corporate fine of up to $1,000,000 
B)  A fine of up to $1,000,000 for an individual 
C)  Imprisonment of up to 25 years for an individual 
D)  A fine of up to $500,000 for an individual

Question 8

The failure to prevent generic use of tradenames and trademarks can result in a loss of protection.

Accepted Answer

A) True 
 B)False

Question 9

Slander of title is the same tort as palming off.

Accepted Answer

A) True 
 B)False

Question 10

To be patentable, an idea must be which of these?

Accepted Answer

A)  Obvious 
B)  Intangible 
C)  Useful 
D)  All of the above 
A)  Obvious 
B)  Intangible 
C)  Useful 
D)  All of the above

Question 11

Design patents extend for a 14-year period.

Accepted Answer

A) True 
 B)False

Question 12

Palming off:

Accepted Answer

A)  is what occurs with gray market goods. 
B)  is a tort that has no remedy. 
C)  occurs when one seller recreates another seller's product. 
D)  can occur only with copyrighted properties. 
A)  is what occurs with gray market goods. 
B)  is a tort that has no remedy. 
C)  occurs when one seller recreates another seller's product. 
D)  can occur only with copyrighted properties.

Question 13

Trade secrets must be registered to enjoy protection.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is/are generic term(s)?

Accepted Answer

A)  Band-Aid 
B)  Jell-O 
C)  Aspirin 
D)  All of the above are generic. 
A)  Band-Aid 
B)  Jell-O 
C)  Aspirin 
D)  All of the above are generic.

Question 15

The laws of the United States on patent protection do not comply with GATT.

Accepted Answer

A) True 
 B)False

Question 16

Goods sold by an authorized dealer beyond the dealer's authorized territory or quantity are:

Accepted Answer

A)  knockoff goods. 
B)  gray market goods. 
C)  infringed goods. 
D)  none of the above 
A)  knockoff goods. 
B)  gray market goods. 
C)  infringed goods. 
D)  none of the above

Question 17

Since it is an educational use, a college professor may reproduce any works for course packs for the students in the
professor's classes.

Accepted Answer

A) True 
 B)False

Question 18

Opposition proceedings are part of the patent process outside the U.S.

Accepted Answer

A) True 
 B)False

Question 19

What of the following could be protected as a trade secret?

Accepted Answer

A)  chemical formula 
B)  supply chain management system of a company 
C)  customer list 
D)  All of the above are examples of trade secrets. 
A)  chemical formula 
B)  supply chain management system of a company 
C)  customer list 
D)  All of the above are examples of trade secrets.

Question 20

Copying an article from a computer science journal that sells subscriptions and then distributing it to 25 employees at your company:

Accepted Answer

A)  would be fair use. 
B)  would be copyright infringement. 
C)  would not be copyright infringement unless you charged the employees for the copies. 
D)  none of the above 
A)  would be fair use. 
B)  would be copyright infringement. 
C)  would not be copyright infringement unless you charged the employees for the copies. 
D)  none of the above

Exam 15: Products: Business Intellectual Property

The United States is a working requirement patent jurisdiction.

Most companies have its employees sign non-disclosure agreements to try to insure silence when the employee no longer works there.

Fair use is use of a copyrighted item with permission.

"M & M's" brand candy is:

The Industrial Espionage Act applies to all company information taken without permission.

Corporations' copyrights last for 50 years from the time of their creation or release, whichever is later.

Under the Industrial Espionage Act, which of the following potential penalties is correct?

The failure to prevent generic use of tradenames and trademarks can result in a loss of protection.

Slander of title is the same tort as palming off.

To be patentable, an idea must be which of these?

Design patents extend for a 14-year period.

Palming off:

Trade secrets must be registered to enjoy protection.

Which of the following is/are generic term(s)?

The laws of the United States on patent protection do not comply with GATT.

Goods sold by an authorized dealer beyond the dealer's authorized territory or quantity are:

Since it is an educational use, a college professor may reproduce any works for course packs for the students in the professor's classes.

Opposition proceedings are part of the patent process outside the U.S.

What of the following could be protected as a trade secret?

Copying an article from a computer science journal that sells subscriptions and then distributing it to 25 employees at your company:

Introduction to Law

Business Ethics and Social Responsibility

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

International Law

Business Crime

Business Torts

Cyberlaw, Social Media, and Privacy

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Contracts: Performance, Remedies, and Rights

Sales: Product Advertising and Liability

Business Competition: Antitrust

Management of Employee Conduct: Agency

Governance and Structure: Forms of Doing Business

Governance and Regulation: Securities Law

Management: Employee Welfare

Management: Employment Discrimination

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