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| 1 | |
Utility and design patents have a term for 20 years, while plant patents are granted for a 14-year term. |
| | A) | True |
| | B) | False |
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| 2 | |
Copying and improving on a product is illegal since it involves patent infringement. |
| | A) | True |
| | B) | False |
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| 3 | |
A arbitrary trademark is one that has another meaning in our language and is applied to a product or service. |
| | A) | True |
| | B) | False |
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| 4 | |
While a copyright protects original works of authorship, it does not protect the idea itself, and thus it allows someone else to use the idea or concept in a different manner. |
| | A) | True |
| | B) | False |
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| 5 | |
A trade secret is protected by federal law. |
| | A) | True |
| | B) | False |
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| 6 | |
When speaking about patents, most people are referring to __________ patents. |
| | A) | design |
| | B) | utility |
| | C) | product |
| | D) | plant |
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| 7 | |
Which of the following is an accurate description of coined marks? |
| | A) | Has another meaning in our language and is applied to a product or service. |
| | B) | Used to suggest certain features, qualities, ingredients, or characteristics of a product or service |
| | C) | Must have become distinctive over a significant period of time and gained consumer recognition before registration. |
| | D) | Denote no relationship between the mark and the goods or services. |
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| 8 | |
To register a work under copyright: |
| | A) | the applicant needs to sent a statement of purpose. |
| | B) | needs to hire the services of an attorney. |
| | C) | send the application to the Library of Congress. |
| | D) | at least 6 copies of the work. |
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| 9 | |
Which of the following is not true of the Sarbanes-Oxley Act? |
| | A) | Has provided a mechanism for greater control over the financial activities of public companies. |
| | B) | The drawback of the act is that it does not cover bank fraud, securities fraud; and fraud by wire, radio, or TV. |
| | C) | At present, private companies are not included in this act. |
| | D) | Has created some difficulties for start-ups and smaller companies. |
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| 10 | |
The courts consider ____________________ binding if the agreement is for less than one year. |
| | A) | oral agreements under $500 |
| | B) | oral agreements over $500 |
| | C) | oral agreements over $5000 |
| | D) | all oral agreements |
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