BZ 450 BZ450 EXAM 7 ANSWERS - ASHWORTH

BZ 450 BZ450 EXAM 7 ANSWERS - ASHWORTH

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BZ450 Being an Entrepreneur Exam 7 Answers (Ashworth)
Question 21

2.5 / 2.5 points
A grant from the federal government conferring the rights to exclude others from making, selling, or using an invention for a specific period of time is referred to as a(n):
Question options:
a) 
trademark.

b) 
patent.

c) 
idea secret.

d) 
innovation.

Question 22

2.5 / 2.5 points
Which of the following are the four key forms of intellectual property protection?
Question options:
a) 
Patents, copyrights, trademarks, and trade secrets

b) 
Discoveries, covenants, trademarks, patents

c) 
Patents, official documents, copyrights, inventions

d) 
Discoveries, Internet domain names, innovations, trademarks

Question 23

2.5 / 2.5 points
A company's customer list is most commonly protected under ________ regulations.
Question options:
a) 
patent

b) 
copyright

c) 
trade secret

d) 
trademark

Question 24

2.5 / 2.5 points
The federal Economic Espionage Act, passed in 1996, criminalizes:
Question options:
a) 
copyright infringement.

b) 
utility patent violations.

c) 
trademark violations.

d) 
the theft of trade secrets.

Question 25

2.5 / 2.5 points
The sole entity responsible for granting patents in the United States is the:
Question options:
a) 
U.S. Patent and Trademark Office.

b) 
Federal Patent, Copyright and Trademark Office.

c) 
Securities and Exchange Commission.

d) 
U.S. Department of Patents.

Question 26

2.5 / 2.5 points
A ________ is any word, name, symbol, or device used to identify the source of origin of products or services and to distinguish those products or services from others.
Question options:
a) 
copyright

b) 
trademark

c) 
license

d) 
trade secret

Question 27

2.5 / 2.5 points
There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intellectual asset. First, a firm should determine if the intellectual property has value in the marketplace. Second, a firm should determine if its intellectual property:
Question options:
a) 
is directly related to its competitive advantage.

b) 
could be licensed to another company.

c) 
is more than three years old.

d) 
is something that was developed "in-house."

Question 28

2.5 / 2.5 points
There are three basic requirements for a patent to be granted. The subject of the patent application must be:
Question options:
a) 
useful, difficult to copy, and novel in relation to prior arts in the field.

b) 
based on cutting edge science or technology, not obvious to a person of ordinary skill in the field, and rare.

c) 
useful, novel in relation to prior arts in the field, and not obvious to a person of ordinary skill in the field.

d) 
rare, difficult to copy, and not obvious to a person of ordinary skill in the field.

Question 29

2.5 / 2.5 points
________ patents are the second most common type of patent and cover the invention of new, original, and ornamental designs for manufactured products.
Question options:
a) 
Aesthetic

b) 
Utility

c) 
Visual

d) 
Design

Question 30

2.5 / 2.5 points
Which of the following selections correctly identifies the three types of patents?
Question options:
a) 
Manufacturing; process; plant

b) 
Usefulness; purpose; genetic

c) 
Explicit; implicit; plant

d) 
Utility; design; plant

Question 31

0 / 2.5 points
While not one of the four key forms of intellectual property, __________ are an important form of intellectual property.
Question options:
a) 
Innovations

b) 
Internet domain names

c) 
Intellectual assets

d) 
Trade secrets

Question 32

2.5 / 2.5 points
The main exclusion from copyright laws is that copyright laws cannot protect:
Question options:
a) 
ideas.

b) 
dramatic works.

c) 
computer software.

d) 
musical compositions.

Question 33

0 / 2.5 points
Patent ________ takes place when one party engages in the unauthorized use of another party's patent.
Question options:
a) 
breach

b) 
encroachment

c) 
violation

d) 
infringement

Question 34

2.5 / 2.5 points
Which of the following items would typically be protected by a form of intellectual property protection other than trade secret statutes?
Question options:
a) 
Financial forecast

b) 
Product formula

c) 
A company's logo

d) 
Logs of sales calls

Question 35

2.5 / 2.5 points
The term of a utility patent is ________ years from the date ________.
Question options:
a) 
7; the patent is granted

b) 
15; of the initial application

c) 
15; the patent is granted

d) 
20; of the initial application

Question 36

2.5 / 2.5 points
________ marks are similar to ordinary trademarks, but they are used to identify the services or intangible activities of a business rather than a business's physical product.
Question options:
a) 
Creative

b) 
Intangible

c) 
Examination

d) 
Service

Question 37

2.5 / 2.5 points
If a local band wrote their own rendition of a Katy Perry song, the band could try to copyright their rendition of the song as a(n) ________ work.
Question options:
a) 
imitative

b) 
offshoot

c) 
derivative

d) 
subsequent

Question 38

2.5 / 2.5 points
Dell for computers, Modcloth for vintage and vintage-inspired women's clothing, and Proactivfor acne medication are examples of:
Question options:
a) 
certifications.

b) 
copyrights.

c) 
patents.

d) 
trademarks.

Question 39

2.5 / 2.5 points
The ________, which was drafted in 1979 by a special commission, attempted to set nationwide standards for trade secret legislation.
Question options:
a) 
Intangible Assets Protection Act

b) 
Fairness in Intellectual Property Act

c) 
Uniform Trade Secrets Act

d) 
Trademark & Copyright Act

Question 40

2.5 / 2.5 points
Copyright law is governed by the:
Question options:
a) 
U.S. Constitution.

b) 
1946 Intellectual Property Act.

c) 
1966 Trademark and Copyright Act.

d) 
Copyright Revision Act of 1976


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