Question 1

Contracts for the sale of real estate must be in writing to be valid.

Accepted Answer

A) True 
 B)False

Question 2

An oral agreement is enforceable indefinitely.

Accepted Answer

A) True 
 B)False

Question 3

The Patent and Trademark Office has established the Office of International Patent Cooperation in order to decrease the uncertainty of intellectual property rights in global markets.

Accepted Answer

A) True 
 B)False

Question 4

Licensing can be used by the entrepreneur to:

Accepted Answer

A)  protect the Board of Directors from liability. 
B)  insulate management from liability. 
C)  protect confidentiality of a trade secret. 
D)  copy a competitor's patent. 
A)  protect the Board of Directors from liability. 
B)  insulate management from liability. 
C)  protect confidentiality of a trade secret. 
D)  copy a competitor's patent.

Question 5

To apply for a trademark:

Accepted Answer

A)  intent to use the mark is required. 
B)  the mark must actually have been used on goods. 
C)  the mark must be copyrighted. 
D)  the mark must have been used on goods that are already traded. 
A)  intent to use the mark is required. 
B)  the mark must actually have been used on goods. 
C)  the mark must be copyrighted. 
D)  the mark must have been used on goods that are already traded.

Question 6

A design patent has a term of 14 years,beginning on the date of filing with the Patent and Trademark Office (PTO).

Accepted Answer

A) True 
 B)False

Question 7

The term of a copyright is the author's life plus:

Accepted Answer

A)  20 years. 
B)  30 years. 
C)  50 years. 
D)  70 years. 
A)  20 years. 
B)  30 years. 
C)  50 years. 
D)  70 years.

Question 8

Copyrights are registered with:

Accepted Answer

A)  the U.S. Justice Department. 
B)  the Internet Commission. 
C)  the Patent and Trademark Office. 
D)  the Library of Congress. 
A)  the U.S. Justice Department. 
B)  the Internet Commission. 
C)  the Patent and Trademark Office. 
D)  the Library of Congress.

Question 9

Priceline.com's service where a buyer can submit a price bid for a particular service is an example of a:

Accepted Answer

A)  utility patent. 
B)  design patent. 
C)  business method patent. 
D)  license. 
A)  utility patent. 
B)  design patent. 
C)  business method patent. 
D)  license.

Question 10

A copyright protects original works of authorship.

Accepted Answer

A) True 
 B)False

Question 11

The section of the patent application which provides the criteria by which any infringement will be determined is the:

Accepted Answer

A)  background and advantages section. 
B)  description of the invention. 
C)  claims section. 
D)  executive summary. 
A)  background and advantages section. 
B)  description of the invention. 
C)  claims section. 
D)  executive summary.

Question 12

A ________ is a contract between the government and an inventor.

Accepted Answer

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

Question 13

The ________ patent is granted for a 14-year term.

Accepted Answer

A)  utility 
B)  design 
C)  plant 
D)  procedure 
A)  utility 
B)  design 
C)  plant 
D)  procedure

Question 14

A patent is a contract between the government and an inventor.

Accepted Answer

A) True 
 B)False

Question 15

Casualty insurance may include fire,burglary and theft,and business interruption coverage.

Accepted Answer

A) True 
 B)False

Question 16

Once accepted,the trademark is published in the Trademark Official Gazette to allow any party ________ days to oppose or request an extension to oppose the use of the mark.

Accepted Answer

A)  10 
B)  30 
C)  90 
D)  180 
A)  10 
B)  30 
C)  90 
D)  180

Contracts for the sale of real estate must be in writing to be valid.

An oral agreement is enforceable indefinitely.

The Patent and Trademark Office has established the Office of International Patent Cooperation in order to decrease the uncertainty of intellectual property rights in global markets.

Licensing can be used by the entrepreneur to:

To apply for a trademark:

A design patent has a term of 14 years,beginning on the date of filing with the Patent and Trademark Office (PTO).

The term of a copyright is the author's life plus:

Copyrights are registered with:

Priceline.com's service where a buyer can submit a price bid for a particular service is an example of a:

A copyright protects original works of authorship.

The section of the patent application which provides the criteria by which any infringement will be determined is the:

A ________ is a contract between the government and an inventor.

The ________ patent is granted for a 14-year term.

A patent is a contract between the government and an inventor.

Casualty insurance may include fire,burglary and theft,and business interruption coverage.

Once accepted,the trademark is published in the Trademark Official Gazette to allow any party ________ days to oppose or request an extension to oppose the use of the mark.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 6: Protecting the Idea and Other Legal Issues for the Entrepreneur

Contracts for the sale of real estate must be in writing to be valid.

An oral agreement is enforceable indefinitely.

The Patent and Trademark Office has established the Office of International Patent Cooperation in order to decrease the uncertainty of intellectual property rights in global markets.

Licensing can be used by the entrepreneur to:

To apply for a trademark:

A design patent has a term of 14 years,beginning on the date of filing with the Patent and Trademark Office (PTO).

The term of a copyright is the author's life plus:

Copyrights are registered with:

Priceline.com's service where a buyer can submit a price bid for a particular service is an example of a:

A copyright protects original works of authorship.

The section of the patent application which provides the criteria by which any infringement will be determined is the:

A ________ is a contract between the government and an inventor.

The ________ patent is granted for a 14-year term.

A patent is a contract between the government and an inventor.

Casualty insurance may include fire,burglary and theft,and business interruption coverage.

Once accepted,the trademark is published in the Trademark Official Gazette to allow any party ________ days to oppose or request an extension to oppose the use of the mark.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters