Question 1

What are the rules for avoiding pitfalls in selecting trademarks?

Accepted Answer

Trademark registration and research is e

Question 2

If a trademark has not been used for two consecutive years, it could be invalidated under

Accepted Answer

A) abandonment. 
B) cancellation proceedings. 
C) a cleaning-out procedure. 
D) generic meaning. 
A) abandonment. 
B) cancellation proceedings. 
C) a cleaning-out procedure. 
D) generic meaning.

Question 3

The patent process is neither complex nor does it require careful planning.

Accepted Answer

A) True 
 B)False

Question 4

To effectively pursue a patent violation, experts recommend that the entrepreneur

Accepted Answer

A) handle all matters personally. 
B) prepare a realistic budget for infringement. 
C) fill out a preprinted form obtained from a patent office. 
D) sue as quickly as possible. 
A) handle all matters personally. 
B) prepare a realistic budget for infringement. 
C) fill out a preprinted form obtained from a patent office. 
D) sue as quickly as possible.

Question 5

Which of the following is not one of the major sections of the Bankruptcy Act?

Accepted Answer

A) straight bankruptcy 
B) reorganization 
C) adjustments of debts 
D) liquidation 
A) straight bankruptcy 
B) reorganization 
C) adjustments of debts 
D) liquidation

Question 6

Any legal proceeding can cost an entrepreneur a lot of money in legal fees.

Accepted Answer

A) True 
 B)False

Question 7

Attorney-hopping is the best way to keep legal fees to a minimum.

Accepted Answer

A) True 
 B)False

Question 8

Works created after January 1, 1978, have a copyright for the life of the author plus

Accepted Answer

A) 70 years. 
B) 50 years. 
C) 14 years. 
D) 10 months. 
A) 70 years. 
B) 50 years. 
C) 14 years. 
D) 10 months.

Question 9

Patents eventually expire.

Accepted Answer

A) True 
 B)False

Question 10

Patents that are not design patents have _____ years of protection.

Accepted Answer

A) l5 
B) 20 
C) 22 
D) 25 
A) l5 
B) 20 
C) 22 
D) 25

Question 11

Which of the following statements regarding sole proprietorships is true?

Accepted Answer

A) A sole proprietorship is owned and operated by one person. 
B) Proprietorships have limited liability for the operation. 
C) Proprietorships are taxed as businesses. 
D) Ordinarily, the amount of capital available to proprietorships is equal to that available to other types of business organizations. 
A) A sole proprietorship is owned and operated by one person. 
B) Proprietorships have limited liability for the operation. 
C) Proprietorships are taxed as businesses. 
D) Ordinarily, the amount of capital available to proprietorships is equal to that available to other types of business organizations.

Question 12

A copyright provides exclusive rights to creative individuals for the protection of their artistic productions.

Accepted Answer

A) True 
 B)False

Question 13

The part of a patent application that identifies the features that are protected is known as the

Accepted Answer

A) particular. 
B) claim. 
C) identification. 
D) essence. 
A) particular. 
B) claim. 
C) identification. 
D) essence.

Question 14

The two parts to a patent application are claims and

Accepted Answer

A) percentage. 
B) specification. 
C) value. 
D) integration. 
A) percentage. 
B) specification. 
C) value. 
D) integration.

Question 15

Once issued, the trademark is registered with the Patent and Trademark Office.

Accepted Answer

A) True 
 B)False

Question 16

For the author of creative material to obtain a copyright, the material must be in _____ form.

Accepted Answer

A) nontangible 
B) technical 
C) tangible 
D) commercial 
A) nontangible 
B) technical 
C) tangible 
D) commercial

Question 17

It often is possible to obtain more capital and a better range of skills in a sole proprietorship than in a partnership.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is an indicator that an entrepreneur's business is failing?

Accepted Answer

A) Other firms are selling advanced products. 
B) Retailers are overstocked. 
C) Obligations are greater than assets. 
D) The R&D budget is proportionally less than that of the competition. 
A) Other firms are selling advanced products. 
B) Retailers are overstocked. 
C) Obligations are greater than assets. 
D) The R&D budget is proportionally less than that of the competition.

Question 19

One of the principal advantages of a corporation is that the stockholder's liability (the most money a person can lose) is limited to an individual's investment.

Accepted Answer

A) True 
 B)False

Question 20

Items that can qualify for patent protection include all of the following except

Accepted Answer

A) machines. 
B) products. 
C) processes. 
D) ideas. 
A) machines. 
B) products. 
C) processes. 
D) ideas.

What are the rules for avoiding pitfalls in selecting trademarks?

If a trademark has not been used for two consecutive years, it could be invalidated under

The patent process is neither complex nor does it require careful planning.

To effectively pursue a patent violation, experts recommend that the entrepreneur

Which of the following is not one of the major sections of the Bankruptcy Act?

Any legal proceeding can cost an entrepreneur a lot of money in legal fees.

Attorney-hopping is the best way to keep legal fees to a minimum.

Works created after January 1, 1978, have a copyright for the life of the author plus

Patents eventually expire.

Patents that are not design patents have _____ years of protection.

Which of the following statements regarding sole proprietorships is true?

A copyright provides exclusive rights to creative individuals for the protection of their artistic productions.

The part of a patent application that identifies the features that are protected is known as the

The two parts to a patent application are claims and

Once issued, the trademark is registered with the Patent and Trademark Office.

For the author of creative material to obtain a copyright, the material must be in _____ form.

It often is possible to obtain more capital and a better range of skills in a sole proprietorship than in a partnership.

Which of the following is an indicator that an entrepreneur's business is failing?

One of the principal advantages of a corporation is that the stockholder's liability (the most money a person can lose) is limited to an individual's investment.

Items that can qualify for patent protection include all of the following except

Entrepreneurship Evolutionary Development--Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters

Exam 9: Legal Challenges for Entrepreneurial Ventures

What are the rules for avoiding pitfalls in selecting trademarks?

If a trademark has not been used for two consecutive years, it could be invalidated under

The patent process is neither complex nor does it require careful planning.

To effectively pursue a patent violation, experts recommend that the entrepreneur

Which of the following is not one of the major sections of the Bankruptcy Act?

Any legal proceeding can cost an entrepreneur a lot of money in legal fees.

Attorney-hopping is the best way to keep legal fees to a minimum.

Works created after January 1, 1978, have a copyright for the life of the author plus

Patents eventually expire.

Patents that are not design patents have _____ years of protection.

Which of the following statements regarding sole proprietorships is true?

A copyright provides exclusive rights to creative individuals for the protection of their artistic productions.

The part of a patent application that identifies the features that are protected is known as the

The two parts to a patent application are claims and

Once issued, the trademark is registered with the Patent and Trademark Office.

For the author of creative material to obtain a copyright, the material must be in _____ form.

It often is possible to obtain more capital and a better range of skills in a sole proprietorship than in a partnership.

Which of the following is an indicator that an entrepreneur's business is failing?

One of the principal advantages of a corporation is that the stockholder's liability (the most money a person can lose) is limited to an individual's investment.

Items that can qualify for patent protection include all of the following except

Entrepreneurship Evolutionary Development--Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters