Question 1

The justification for intellectual property is the same as for the private property system.

Accepted Answer

A) True 
 B)False

Question 2

What happens when a patent expires?

Accepted Answer

When a patent expires,the invention is i

Question 3

In the context of patentable subject matter,which of the following characteristics about an invention indicates that something is new and different from the prior art?

Accepted Answer

A)  nonobviousness 
B)  utility 
C)  novelty 
D)  tarnishment 
E)  preemption 
A)  nonobviousness 
B)  utility 
C)  novelty 
D)  tarnishment 
E)  preemption

Question 4

Which of the following is true of copyright law?

Accepted Answer

A)  It deals with invention that is original, nonobvious, and a novelty. 
B)  It protects ideas and facts. 
C)  It protects the design, color, or shape that is associated with a particular product from being copied. 
D)  It protects original, creative expression. 
E)  It protects inventors rather than authors. 
A)  It deals with invention that is original, nonobvious, and a novelty. 
B)  It protects ideas and facts. 
C)  It protects the design, color, or shape that is associated with a particular product from being copied. 
D)  It protects original, creative expression. 
E)  It protects inventors rather than authors.

Question 5

The Patent and Trademark Office (PTO)assigns a ______ to consider a patent application.

Accepted Answer

A)  claims officer 
B)  patent examiner 
C)  patent technician 
D)  court judge 
E)  patent issuer 
A)  claims officer 
B)  patent examiner 
C)  patent technician 
D)  court judge 
E)  patent issuer

Question 6

If a trademark becomes generic or if it loses its distinctiveness,it also loses its status as a protected trademark.

Accepted Answer

A) True 
 B)False

Question 7

What is the Digital Millennium Copyright Act?

Accepted Answer

The Digital Millennium Copyright Act (DM

Question 8

Under what circumstances will the Patent and Trademark Office (PTO)deny registration of a trademark?

Accepted Answer

To be eligible for registration,a tradem

Question 9

Which of the following is true of trade dress?

Accepted Answer

A)  It refers to the utility and nonobviousness of an invention. 
B)  It can be protected under law even without a registration. 
C)  It is another form of a patent troll. 
D)  It is protected by the law from being copied as long as it is distinctive. 
E)  It usually excludes distinctive store decorating motifs. 
A)  It refers to the utility and nonobviousness of an invention. 
B)  It can be protected under law even without a registration. 
C)  It is another form of a patent troll. 
D)  It is protected by the law from being copied as long as it is distinctive. 
E)  It usually excludes distinctive store decorating motifs.

Question 10

Trade dress refers to a color or shape associated with a product or service.

Accepted Answer

A) True 
 B)False

Question 11

Can misappropriation of trade secrets result in criminal prosecution?

Accepted Answer

In addition to civil enforcement of trad

Question 12

Which of the following statements is true of intellectual property?

Accepted Answer

A)  Intellectual property requires that certain types of information are not disclosed to the public. 
B)  The type of information is irrelevant in determining the time, effort, and money required to convert intellectual property to intangible assets. 
C)  The basic economic system of intellectual property is grounded in the idea of incentives. 
D)  There is little correlation between research and development (R&
D)  and intellectual property in determining the competitive advantage of a firm. 
E)  An economic system based on intellectual property presumes that the long-term benefits of increased information and investment are lower than the short-term costs. 
A)  Intellectual property requires that certain types of information are not disclosed to the public. 
B)  The type of information is irrelevant in determining the time, effort, and money required to convert intellectual property to intangible assets. 
C)  The basic economic system of intellectual property is grounded in the idea of incentives. 
D)  There is little correlation between research and development (R&
D)  and intellectual property in determining the competitive advantage of a firm. 
E)  An economic system based on intellectual property presumes that the long-term benefits of increased information and investment are lower than the short-term costs.

Question 13

Which of the following is true in case a patent expires?

Accepted Answer

A)  It comes under the purview of the Supreme Court to restrict its use in public. 
B)  It is in the public domain and others may use it without limitations. 
C)  It is put aside for someone else to acquire. 
D)  It will be reviewed and reassigned to the same owner. 
E)  It will be declared as null and void and the invention will be declared useless. 
A)  It comes under the purview of the Supreme Court to restrict its use in public. 
B)  It is in the public domain and others may use it without limitations. 
C)  It is put aside for someone else to acquire. 
D)  It will be reviewed and reassigned to the same owner. 
E)  It will be declared as null and void and the invention will be declared useless.

Question 14

What happens if an individual infringes a patent?

Accepted Answer

After the Patent and Trademark Office (P

Question 15

Design patents apply to the appearance of an article of manufacture,unrelated to its function.

Accepted Answer

A) True 
 B)False

Question 16

Possible civil remedies for violation of the Digital Millennium Copyright Act can include ______.

Accepted Answer

A)  consequential damages 
B)  actual and punitive damages 
C)  actual damages and injunction 
D)  double actual damages 
E)  compensatory damages 
A)  consequential damages 
B)  actual and punitive damages 
C)  actual damages and injunction 
D)  double actual damages 
E)  compensatory damages

Question 17

Which of the following is an instance of trademark infringement?

Accepted Answer

A)  Intentional use of the owner's mark 
B)  an accidental design of one's own mark too similarly to another's 
C)  invention that produces surprising and unexpected results 
D)  an act of disclosing information that one had a duty to keep secret 
E)  an act of improperly acquiring secret information through burglary, espionage or computer hacking 
A)  Intentional use of the owner's mark 
B)  an accidental design of one's own mark too similarly to another's 
C)  invention that produces surprising and unexpected results 
D)  an act of disclosing information that one had a duty to keep secret 
E)  an act of improperly acquiring secret information through burglary, espionage or computer hacking

Question 18

A(n)______ is an order by a judge either to do something or to refrain from doing something.

Accepted Answer

A)  penalty 
B)  injunction 
C)  actual damage 
D)  punitive damage 
E)  compensatory damage 
A)  penalty 
B)  injunction 
C)  actual damage 
D)  punitive damage 
E)  compensatory damage

Question 19

How does the law define misappropriation in case of trade secret violation?

Accepted Answer

To be liable in a trade secret case,a de

Question 20

The courts can declare a trademark invalid even if the U.S.Patent and Trademark Office has accepted registration.

Accepted Answer

A) True 
 B)False

Exam 11: Intellectual Property

The justification for intellectual property is the same as for the private property system.

What happens when a patent expires?

In the context of patentable subject matter,which of the following characteristics about an invention indicates that something is new and different from the prior art?

Which of the following is true of copyright law?

The Patent and Trademark Office (PTO)assigns a ______ to consider a patent application.

If a trademark becomes generic or if it loses its distinctiveness,it also loses its status as a protected trademark.

What is the Digital Millennium Copyright Act?

Under what circumstances will the Patent and Trademark Office (PTO)deny registration of a trademark?

Which of the following is true of trade dress?

Trade dress refers to a color or shape associated with a product or service.

Can misappropriation of trade secrets result in criminal prosecution?

Which of the following statements is true of intellectual property?

Which of the following is true in case a patent expires?

What happens if an individual infringes a patent?

Design patents apply to the appearance of an article of manufacture,unrelated to its function.

Possible civil remedies for violation of the Digital Millennium Copyright Act can include ______.

Which of the following is an instance of trademark infringement?

A(n)______ is an order by a judge either to do something or to refrain from doing something.

How does the law define misappropriation in case of trade secret violation?

The courts can declare a trademark invalid even if the U.S.Patent and Trademark Office has accepted registration.

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