Question 1

The three main categories of patents are design,utility and provisional patents.

Accepted Answer

A) True 
 B)False

Question 2

Licensing represents opportunities for:

Accepted Answer

A) expanding into new markets. 
B) reach more customers in existing target markets. 
C) an entrepreneur to profit with less risk and costly start-up investment. 
D) an entrepreneur to gain access to others' copyrights,trademarks and patents. 
A) expanding into new markets. 
B) reach more customers in existing target markets. 
C) an entrepreneur to profit with less risk and costly start-up investment. 
D) an entrepreneur to gain access to others' copyrights,trademarks and patents.

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

What type of insurance would cover fire or burglary damage?

Accepted Answer

A) Property 
B) Bonding 
C) Life 
D) Workers' Compensation 
A) Property 
B) Bonding 
C) Life 
D) Workers' Compensation

Question 5

The ________ is filed to establish a date of conception of an invention and replaces what used to be known as a disclosure document.

Accepted Answer

A) provisional patent 
B) defensive document 
C) trademark 
D) copyright 
A) provisional patent 
B) defensive document 
C) trademark 
D) copyright

Question 6

Skyrocketing medical costs have resulted in lowering workers' compensation insurance premiums.

Accepted Answer

A) True 
 B)False

Question 7

Licensing can be a way to start a new venture when the idea may infringe on someone else's patent,trademark,or copyright.

Accepted Answer

A) True 
 B)False

Question 8

To prevent others from copying his or her ideas,the entrepreneur should not send drawings with the patent application.

Accepted Answer

A) True 
 B)False

Question 9

While dealing with leaking of trade secrets,legal action can be taken only after the secret has been revealed.

Accepted Answer

A) True 
 B)False

Question 10

The reason that many noncompete agreements,which help protect trade secrets,are thrown out of court is that they are poorly structured and written.

Accepted Answer

A) True 
 B)False

Question 11

A lawyer may work on a retainer basis by which he or she provides office and consulting time,which includes court time and other legal fees related to the action.

Accepted Answer

A) True 
 B)False

Question 12

The _______ created the commission that prescribes safety standards for products.

Accepted Answer

A) Consumer Product Safety Act 
B) Patent Cooperation Treaty 
C) Sarbanes-Oxley Act 
D) U.S.Labor Department 
A) Consumer Product Safety Act 
B) Patent Cooperation Treaty 
C) Sarbanes-Oxley Act 
D) U.S.Labor Department

Question 13

It takes approximately ______ to obtain a trademark.

Accepted Answer

A) 12 months 
B) 13 months 
C) 14 months 
D) 18 months 
A) 12 months 
B) 13 months 
C) 14 months 
D) 18 months

Question 14

Licensing a trademark generally involves a franchising agreement.

Accepted Answer

A) True 
 B)False

Question 15

A trademark is given a 50-year registration with no renewal.

Accepted Answer

A) True 
 B)False

Question 16

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

The three main categories of patents are design,utility and provisional patents.

Licensing represents opportunities for:

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

What type of insurance would cover fire or burglary damage?

The ________ is filed to establish a date of conception of an invention and replaces what used to be known as a disclosure document.

Skyrocketing medical costs have resulted in lowering workers' compensation insurance premiums.

Licensing can be a way to start a new venture when the idea may infringe on someone else's patent,trademark,or copyright.

To prevent others from copying his or her ideas,the entrepreneur should not send drawings with the patent application.

While dealing with leaking of trade secrets,legal action can be taken only after the secret has been revealed.

The reason that many noncompete agreements,which help protect trade secrets,are thrown out of court is that they are poorly structured and written.

A lawyer may work on a retainer basis by which he or she provides office and consulting time,which includes court time and other legal fees related to the action.

The _______ created the commission that prescribes safety standards for products.

It takes approximately ______ to obtain a trademark.

Licensing a trademark generally involves a franchising agreement.

A trademark is given a 50-year registration with no renewal.

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

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

Filters

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

The three main categories of patents are design,utility and provisional patents.

Licensing represents opportunities for:

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

What type of insurance would cover fire or burglary damage?

The ________ is filed to establish a date of conception of an invention and replaces what used to be known as a disclosure document.

Skyrocketing medical costs have resulted in lowering workers' compensation insurance premiums.

Licensing can be a way to start a new venture when the idea may infringe on someone else's patent,trademark,or copyright.

To prevent others from copying his or her ideas,the entrepreneur should not send drawings with the patent application.

While dealing with leaking of trade secrets,legal action can be taken only after the secret has been revealed.

The reason that many noncompete agreements,which help protect trade secrets,are thrown out of court is that they are poorly structured and written.

A lawyer may work on a retainer basis by which he or she provides office and consulting time,which includes court time and other legal fees related to the action.

The _______ created the commission that prescribes safety standards for products.

It takes approximately ______ to obtain a trademark.

Licensing a trademark generally involves a franchising agreement.

A trademark is given a 50-year registration with no renewal.

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

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

Filters