Exam 6: Intellectual Property and Other Legal Issues for the Entrepreneur

Entrepreneurs,because of their lack of understanding of intellectual property,ignore important steps that they should have taken to protect these assets.

(True/False)

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Question 21

Health Insurance is now required in any company for employees who work more than 20 hours per week.

(True/False)

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Question 22

What are the main benefits of a registered trademark?

(Essay)

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Question 23

Which of the following is a contract that grants the owner protection,based on the appearance of an object?

(Multiple Choice)

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Question 24

The Patent Cooperation Treaty,which has over 100 participants,was established to facilitate patent filings in multiple countries in one office rather than filing in each separate country.

(True/False)

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Question 25

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

(Multiple Choice)

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Question 26

Licensing agreements generate revenue while minimizing risk and start-up investment costs.

(True/False)

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Question 27

Explain what makes a contract legally enforceable

(Essay)

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Question 28

Chet Kanojia,CEO of Aereo recently lost his case in the Supreme Court because of an infringement of the copyright law.

(True/False)

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Question 29

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

(Multiple Choice)

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Question 30

Copyrights can protect all of the following except:

(Multiple Choice)

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Question 31

Any invention requiring FDA approval has the term of its patent extended by the amount of time it takes the FDA to review the invention.

(True/False)

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Question 32

Identify and describe the major parts of a patent application. A.Introduction - this section should contain the background and advantages of the invention and the nature of problems that it overcomes.It should clearly state how the invention differs from existing offerings. B.Description of Invention - should contain a brief description of the drawings that accompany it.These drawings must comply with PTO requirements.Following this would be a detailed description of the invention,which may include engineering specifications,materials,components,and so on,that are vital to the actual making of the invention. C.Claims - the most difficult section of the application to prepare since claims are the criteria by which any infringements will be determined.Essential parts of the invention should be described in broad terms so as to prevent others from getting around the patent.At the same time,the claims must not be so general that they hide the invention's uniqueness and advantages.

(Essay)

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Question 33

A copyright protects original works of authorship.

(True/False)

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Question 34

To apply for a trademark:

(Multiple Choice)

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Question 35

An oral agreement is enforceable indefinitely.

(True/False)

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Question 36

The most commonly issued type of patent is the plant patent.

(True/False)

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Question 37

Licensing requires the licensee to pay a royalty to the licensor.

(True/False)

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Question 38

Licensing can be used by the entrepreneur to:

(Multiple Choice)

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Question 39

The courts consider oral agreements under $500 binding if:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 76

Entrepreneurs,because of their lack of understanding of intellectual property,ignore important steps that they should have taken to protect these assets.

Health Insurance is now required in any company for employees who work more than 20 hours per week.

What are the main benefits of a registered trademark?

Which of the following is a contract that grants the owner protection,based on the appearance of an object?

The Patent Cooperation Treaty,which has over 100 participants,was established to facilitate patent filings in multiple countries in one office rather than filing in each separate country.

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

Licensing agreements generate revenue while minimizing risk and start-up investment costs.

Explain what makes a contract legally enforceable

Chet Kanojia,CEO of Aereo recently lost his case in the Supreme Court because of an infringement of the copyright law.

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

Copyrights can protect all of the following except:

Any invention requiring FDA approval has the term of its patent extended by the amount of time it takes the FDA to review the invention.

A copyright protects original works of authorship.

To apply for a trademark:

An oral agreement is enforceable indefinitely.

The most commonly issued type of patent is the plant patent.

Licensing requires the licensee to pay a royalty to the licensor.

Licensing can be used by the entrepreneur to:

The courts consider oral agreements under $500 binding if:

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: 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

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