Question 1

State the requirements for obtaining a patent and justify each requirement with an example.

Accepted Answer

To be patented,an invention must be nove

Question 2

SM is a symbol that designates an owner's legal claim to an unregistered mark that is associated with a product.

Accepted Answer

A) True 
 B)False

Question 3

Intellectual property falls into a category of property known as tangible rights.

Accepted Answer

A) True 
 B)False

Question 4

A ________ patent may be obtained for the ornamental nonfunctional design of an item.

Accepted Answer

A)  design 
B)  process 
C)  method 
D)  utility 
A)  design 
B)  process 
C)  method 
D)  utility

Question 5

A patent number is a number assigned to a patent ________.

Accepted Answer

A)  during its application process 
B)  when the patent is pending 
C)  once the patent is granted 
D)  when it comes under investigation 
A)  during its application process 
B)  when the patent is pending 
C)  once the patent is granted 
D)  when it comes under investigation

Question 6

Which of the following is true of utility patents?

Accepted Answer

A)  They are used to patent machines and processes. 
B)  They are obtained for the ornamental nonfunctional design of an item. 
C)  They are valid for the lifetime of the inventor. 
D)  They are implemented to protect intangible abstractions. 
A)  They are used to patent machines and processes. 
B)  They are obtained for the ornamental nonfunctional design of an item. 
C)  They are valid for the lifetime of the inventor. 
D)  They are implemented to protect intangible abstractions.

Question 7

What is the period of copyright protection provided for individuals?

Accepted Answer

A)  Individuals are granted 95 years copyright protection from the year of creation of the work. 
B)  Businesses are granted 120 years copyright protection from the year of first publication of the work. 
C)  Individuals are granted copyright protection for their lifetime plus 70 years. 
D)  Individuals are granted 120 years of copyright protection from the year of first publication of the work. 
A)  Individuals are granted 95 years copyright protection from the year of creation of the work. 
B)  Businesses are granted 120 years copyright protection from the year of first publication of the work. 
C)  Individuals are granted copyright protection for their lifetime plus 70 years. 
D)  Individuals are granted 120 years of copyright protection from the year of first publication of the work.

Question 8

Patents,copyrights,trademarks,and trade secrets are types of ________ property.

Accepted Answer

A)  immovable 
B)  real 
C)  intellectual 
D)  destructible 
A)  immovable 
B)  real 
C)  intellectual 
D)  destructible

Question 9

Which of the following is true of intellectual property?

Accepted Answer

A)  It falls under a category of property known as tangible rights. 
B)  It is less subject to misappropriation than is tangible property. 
C)  It is beyond the scope of federal and civil law. 
D)  It describes property developed through a creative process. 
A)  It falls under a category of property known as tangible rights. 
B)  It is less subject to misappropriation than is tangible property. 
C)  It is beyond the scope of federal and civil law. 
D)  It describes property developed through a creative process.

Question 10

According to the public use doctrine for patents,________.

Accepted Answer

A)  a patent will not be granted if the invention was already in public use for one year before filing an application 
B)  an invention cannot be used in the public domain prior to it being granted a patent 
C)  an inventor has to test his invention in the public domain, to measure its validity, before being granted a patent 
D)  a patent will always be under the first inventor's name unless he or she chooses to release it into the public domain 
A)  a patent will not be granted if the invention was already in public use for one year before filing an application 
B)  an invention cannot be used in the public domain prior to it being granted a patent 
C)  an inventor has to test his invention in the public domain, to measure its validity, before being granted a patent 
D)  a patent will always be under the first inventor's name unless he or she chooses to release it into the public domain

Question 11

If a patent application is filed but a patent has not yet been issued,the applicant usually places the words "patent pending" on the article.

Accepted Answer

A) True 
 B)False

Question 12

________ is any trade name,symbol,word,logo,design,or device used to identify and distinguish goods of a manufacturer or seller or services of a provider from those of other manufacturers,sellers,or providers.

Accepted Answer

A)  Trade secret 
B)  Trademark 
C)  Patent 
D)  Copyright 
A)  Trade secret 
B)  Trademark 
C)  Patent 
D)  Copyright

Question 13

Which of the following is true of patent laws?

Accepted Answer

A)  They allow inventors the right to license their inventions for an indefinite period of time. 
B)  They are legislated and enforced at the state level. 
C)  They don't allow patent applications to be submitted electronically. 
D)  They are enacted to incentivize inventors and prevent infringement of inventions. 
A)  They allow inventors the right to license their inventions for an indefinite period of time. 
B)  They are legislated and enforced at the state level. 
C)  They don't allow patent applications to be submitted electronically. 
D)  They are enacted to incentivize inventors and prevent infringement of inventions.

Question 14

The Berne Convention enforced the need to place the symbol © on a copyrighted work.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following provisions does the American Inventors Protection Act make?

Accepted Answer

A)  It allows the inventor to file a provisional application with the Patent and Trademark Office. 
B)  It provides the inventor with three weeks to file a patent application with the Patent and Trademark Office. 
C)  It prevents non-patent holders from challenging the inventor's patent application. 
D)  It protects the inventor from any reexamination of the patent application. 
A)  It allows the inventor to file a provisional application with the Patent and Trademark Office. 
B)  It provides the inventor with three weeks to file a patent application with the Patent and Trademark Office. 
C)  It prevents non-patent holders from challenging the inventor's patent application. 
D)  It protects the inventor from any reexamination of the patent application.

Question 16

________ is a symbol that is used to designate marks that have been registered with the U.S.Patent and Trademark Office.

Accepted Answer

Question 17

Which of the following is true of an unregistered mark?

Accepted Answer

A)  It is given a nationwide effect by the U.S. Patent and Trademark Office. 
B)  It provides that federal lawsuits may be brought to protect the mark. 
C)  It serves as constructive notice that the mark is the registrant's personal property. 
D)  It is accompanied by the TM or SM symbol until it is registered. 
A)  It is given a nationwide effect by the U.S. Patent and Trademark Office. 
B)  It provides that federal lawsuits may be brought to protect the mark. 
C)  It serves as constructive notice that the mark is the registrant's personal property. 
D)  It is accompanied by the TM or SM symbol until it is registered.

Question 18

A closely guarded formula for a recipe protected by a soft drink manufacturer would be considered as an example of a ________.

Accepted Answer

A)  copyright 
B)  patent 
C)  trademark 
D)  trade secret 
A)  copyright 
B)  patent 
C)  trademark 
D)  trade secret

Question 19

Intellectual property falls into a category of property known as ________ property.

Accepted Answer

A)  moveable 
B)  real 
C)  tangible 
D)  intangible 
A)  moveable 
B)  real 
C)  tangible 
D)  intangible

Question 20

Which of the following is true of trade secrets?

Accepted Answer

A)  They are used by their owners to set themselves apart from their competitors. 
B)  They are widely known and are considered common knowledge in the market. 
C)  They are suspect to lawful appropriation through the use of industrial espionage. 
D)  They are vulnerable to unlawful misappropriation through the use of reverse engineering. 
A)  They are used by their owners to set themselves apart from their competitors. 
B)  They are widely known and are considered common knowledge in the market. 
C)  They are suspect to lawful appropriation through the use of industrial espionage. 
D)  They are vulnerable to unlawful misappropriation through the use of reverse engineering.

Exam 7: Intellectual Property and Cyber Piracy

State the requirements for obtaining a patent and justify each requirement with an example.

SM is a symbol that designates an owner's legal claim to an unregistered mark that is associated with a product.

Intellectual property falls into a category of property known as tangible rights.

A ________ patent may be obtained for the ornamental nonfunctional design of an item.

A patent number is a number assigned to a patent ________.

Which of the following is true of utility patents?

What is the period of copyright protection provided for individuals?

Patents,copyrights,trademarks,and trade secrets are types of ________ property.

Which of the following is true of intellectual property?

According to the public use doctrine for patents,________.

If a patent application is filed but a patent has not yet been issued,the applicant usually places the words "patent pending" on the article.

________ is any trade name,symbol,word,logo,design,or device used to identify and distinguish goods of a manufacturer or seller or services of a provider from those of other manufacturers,sellers,or providers.

Which of the following is true of patent laws?

The Berne Convention enforced the need to place the symbol © on a copyrighted work.

Which of the following provisions does the American Inventors Protection Act make?

________ is a symbol that is used to designate marks that have been registered with the U.S.Patent and Trademark Office.

Which of the following is true of an unregistered mark?

A closely guarded formula for a recipe protected by a soft drink manufacturer would be considered as an example of a ________.

Intellectual property falls into a category of property known as ________ property.

Which of the following is true of trade secrets?

Legal Heritage and the Digital Age

Constitutional Law for Business and E-commerce

Courts and Jurisdiction

Judicial Alternative Administrative and E-Dispute Resolution

Intentional Torts and Negligence

Criminal Law and Cyber Crimes

Ethics and Social Responsibility of Business

Nature of Traditional and E-Contracts

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System and Electronic Financial Transactions

Credit, Real Property Financing, and Secured Transactions

Bankruptcy and Reorganization

Agency law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchise and Special Forms of Business

Investor Protection, E-Securities, and Wall Street Reform

Antitrust Law and Unfair Trade Practices

Consumer Safety and Environmental Protection

Labor, Worker Protection, and Immigration Laws

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Real Property, Landlord-Tenant Law, and Land Use Regulation

Family Law, Wills, and Trusts

Accountants' Duties and Liability

International and World Trade Law

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