Question 1

When considering bankruptcy,entrepreneurs as sole proprietors normally prefer

Accepted Answer

A) Chapter 5. 
B) Chapter 7. 
C) Chapter 11. 
D) Chapter 13. 
A) Chapter 5. 
B) Chapter 7. 
C) Chapter 11. 
D) Chapter 13. D

Question 2

All of the following are recognized as advantages of partnerships except:

Accepted Answer

A) ease of formation 
B) possible tax advantages 
C) direct rewards 
D) lack of continuity 
A) ease of formation 
B) possible tax advantages 
C) direct rewards 
D) lack of continuity B

Question 3

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

Accepted Answer

A trademark is a distinctive symbol of a company. A trademark can be used to distinguish goods,services,quality,and materials used. A trademark must be in some way unique to the object. A trademark can be invalidated in any of four ways. A third party may challenge a trademark's distinctiveness within five years. A trademark owner may fail to file an affidavit stating a trademark's use or lack of use within six years of registration. An owner may fail to use a trademark for two consecutive years without justification. And finally,a trademark may become synonymous with the product itself.

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

. 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 6

Define a patent and describe its limitations.

Accepted Answer

A patent is a right,granted by the gover

Question 7

The two parts of a patent application are specification and claims.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Because of the _____ doctrine,it is sometimes difficult to establish infringement.

Accepted Answer

A) fair use 
B) acquisition 
C) freedom of information 
D) right to publish 
A) fair use 
B) acquisition 
C) freedom of information 
D) right to publish

Question 10

All of the following are ways of invalidating a trademark except

Accepted Answer

A) cleaning-out proceedings. 
B) clearing-out proceedings. 
C) abandonment. 
D) generic meaning. 
A) cleaning-out proceedings. 
B) clearing-out proceedings. 
C) abandonment. 
D) generic meaning.

Question 11

The owner of a copyright may do all of the following except

Accepted Answer

A) reproduce the work. 
B) deduct the intrinsic value of the rights from one's taxes 
C) perform the work publicly. 
D) display the work publicly. 
A) reproduce the work. 
B) deduct the intrinsic value of the rights from one's taxes 
C) perform the work publicly. 
D) display the work publicly.

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

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 14

There are two parts to a patent application,claims and .

Accepted Answer

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

Question 15

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 16

Specific forms of partnership include which of the following?

Accepted Answer

A) limited partnerships 
B) limited partnerships and limited liability partnerships 
C) limited partnerships and S partnerships 
D) S partnerships and limited liability companies 
A) limited partnerships 
B) limited partnerships and limited liability partnerships 
C) limited partnerships and S partnerships 
D) S partnerships and limited liability companies

Question 17

A trademark is a distinctive name,mark,or symbol that is identified with a company's product.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Identify the three major sections of the Bankruptcy Act.

Accepted Answer

Bankruptcy was designed for three major

When considering bankruptcy,entrepreneurs as sole proprietors normally prefer

All of the following are recognized as advantages of partnerships except:

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

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

. The registration of a trademark has a lifetime of

Define a patent and describe its limitations.

The two parts of a patent application are specification and claims.

Which of the following are not trademarks?

Because of the _____ doctrine,it is sometimes difficult to establish infringement.

All of the following are ways of invalidating a trademark except

The owner of a copyright may do all of the following except

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

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

There are two parts to a patent application,claims and .

Which of the following falls under Chapter 7 bankruptcy?

Specific forms of partnership include which of the following?

A trademark is a distinctive name,mark,or symbol that is identified with a company's product.

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

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

Identify the three major sections of the Bankruptcy Act.

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

When considering bankruptcy,entrepreneurs as sole proprietors normally prefer

All of the following are recognized as advantages of partnerships except:

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

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

. The registration of a trademark has a lifetime of

Define a patent and describe its limitations.

The two parts of a patent application are specification and claims.

Which of the following are not trademarks?

Because of the _____ doctrine,it is sometimes difficult to establish infringement.

All of the following are ways of invalidating a trademark except

The owner of a copyright may do all of the following except

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

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

There are two parts to a patent application,claims and .

Which of the following falls under Chapter 7 bankruptcy?

Specific forms of partnership include which of the following?

A trademark is a distinctive name,mark,or symbol that is identified with a company's product.

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

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

Identify the three major sections of the Bankruptcy Act.

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