Question 1

The registration of a trademark has a lifetime of

Accepted Answer

A)  20 years plus 5-year renewable periods. 
B)  25 years. 
C)  10 years plus 10-year renewable periods. 
D)  the lifetime of the owner. 
A)  20 years plus 5-year renewable periods. 
B)  25 years. 
C)  10 years plus 10-year renewable periods. 
D)  the lifetime of the owner.

Question 2

Patents eventually expire.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following falls under Chapter 7 bankruptcy?

Accepted Answer

A)  The debtor surrenders most property to a court trustee. 
B)  The debtor fails to file income taxes. 
C)  The debtor is relieved of obligations. 
D)  The debtor is arrested. 
A)  The debtor surrenders most property to a court trustee. 
B)  The debtor fails to file income taxes. 
C)  The debtor is relieved of obligations. 
D)  The debtor is arrested.

Question 4

Entrepreneurs should be knowledgeable about certain legal concepts that affect their business venture.

Accepted Answer

A) True 
 B)False

Question 5

Define a patent and describe its limitations.

Accepted Answer

A patent is a right, granted by the gove

Question 6

Straight bankruptcy is often called liquidation.

Accepted Answer

A) True 
 B)False

Question 7

An infringement budget deals with

Accepted Answer

A)  legal battles. 
B)  government bribes. 
C)  the outside molding of a building. 
D)  advertising expenditures. 
A)  legal battles. 
B)  government bribes. 
C)  the outside molding of a building. 
D)  advertising expenditures.

Question 8

The two parts to a patent application are specification, and .

Accepted Answer

A)  claims 
B)  percentage 
C)  value 
D)  perception 
A)  claims 
B)  percentage 
C)  value 
D)  perception

Question 9

Which of the following are not trademarks?

Accepted Answer

A)  symbols 
B)  mottos 
C)  names 
D)  generic words 
A)  symbols 
B)  mottos 
C)  names 
D)  generic words

Question 10

Copyrights can be placed on all of the following except

Accepted Answer

A)  ideas. 
B)  lectures. 
C)  books. 
D)  music. 
A)  ideas. 
B)  lectures. 
C)  books. 
D)  music.

Question 11

Trademark registration and search is not costly.

Accepted Answer

A) True 
 B)False

Question 12

Every business at some point needs the services of an attorney.

Accepted Answer

A) True 
 B)False

Question 13

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 14

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 15

Chapter 7, Chapter 9, and Chapter 11 are the most common forms of bankruptcy.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A)  other firms selling advanced products 
B)  retailer overstocked 
C)  liquidation 
D)  R&D budget proportionally less than competition 
A)  other firms selling advanced products 
B)  retailer overstocked 
C)  liquidation 
D)  R&D budget proportionally less than competition

Question 17

Anyone who violates an author's exclusive rights under a copyright is liable for:

Accepted Answer

A)  a prison term. 
B)  infringement. 
C)  a monetary payment equal to proven damages. 
D)  two times annual sales. 
A)  a prison term. 
B)  infringement. 
C)  a monetary payment equal to proven damages. 
D)  two times annual sales.

Question 18

What are the uses of trademarks and how can they be invalidated?

Accepted Answer

A trademark is a distinctive symbol of a

Question 19

Design patent protection lasts for _____ years.

Accepted Answer

A)  10 
B)  12 
C)  14 
D)  20 
A)  10 
B)  12 
C)  14 
D)  20

Question 20

Laws governing intellectual property rights include copyrights, trademarks, and leases.

Accepted Answer

A) True 
 B)False

The registration of a trademark has a lifetime of

Patents eventually expire.

Which of the following falls under Chapter 7 bankruptcy?

Entrepreneurs should be knowledgeable about certain legal concepts that affect their business venture.

Define a patent and describe its limitations.

Straight bankruptcy is often called liquidation.

An infringement budget deals with

The two parts to a patent application are specification, and .

Which of the following are not trademarks?

Copyrights can be placed on all of the following except

Trademark registration and search is not costly.

Every business at some point needs the services of an attorney.

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

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

Chapter 7, Chapter 9, and Chapter 11 are the most common forms of bankruptcy.

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

Anyone who violates an author's exclusive rights under a copyright is liable for:

What are the uses of trademarks and how can they be invalidated?

Design patent protection lasts for _____ years.

Laws governing intellectual property rights include copyrights, trademarks, and leases.

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 Entrepreneurs

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters

Exam 9: Legal Challenges of Entrepreneurial Ventures

The registration of a trademark has a lifetime of

Patents eventually expire.

Which of the following falls under Chapter 7 bankruptcy?

Entrepreneurs should be knowledgeable about certain legal concepts that affect their business venture.

Define a patent and describe its limitations.

Straight bankruptcy is often called liquidation.

An infringement budget deals with

The two parts to a patent application are specification, and .

Which of the following are not trademarks?

Copyrights can be placed on all of the following except

Trademark registration and search is not costly.

Every business at some point needs the services of an attorney.

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

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

Chapter 7, Chapter 9, and Chapter 11 are the most common forms of bankruptcy.

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

Anyone who violates an author's exclusive rights under a copyright is liable for:

What are the uses of trademarks and how can they be invalidated?

Design patent protection lasts for _____ years.

Laws governing intellectual property rights include copyrights, trademarks, and leases.

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 Entrepreneurs

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters