Which of the following best describes what intellectual property is? *Refers to the basic idea and ownership of a copied ideaO Refers to the unoriginal and copied workO Refers to the protection overs ones creation and its exclusivity of rightsRefers to the exclusivity of rights over ones creation of minds

A business has various tangible and intangible property which forms part in production function. The…

Answered: Which of the following best describes…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Transferring copyrighted music recordings to others, without the copyright owners’authorization, is:a) goodwill.b) a fair use.c) illegal.d) a license
Which of the following options most closely describes the term copyright? O O O copyright can only be commercialised through a license agreement copyright gives an automatic permission to copy copyright is an automatic right which does not require formal registration the owner of copyright cannot exclude others from using copyright materials.
Using a domain name that is an identical or similar to the trademark of another is: a) legal because it is a clever marketing ploy. b) legal because it is a fair use. c) legal because it is a safe harbor. d) illegal. 3) Transferring copyrighted music recordings to others, without the copyright owners’ authorization, is: a) goodwill. b) a fair use. c) illegal. d) a license. 4) Discharging an employee who uses social media in a way that violates the employer's stated social media policies is: a) within the employer's rights. b) a violation of the employee's rights. c) a violation of an Internet service provider's rights. d) a violation of the social media's rights. 5) Cybercrime can best be defined as: a) a crime against property. b) not a new type of crime but a new way of committing crime—in cyberspace. c) a crime that necessarily also involves a tort. d) organized crime.
Which of the following does not enjoy intellectual property protection? fact compilation Oliterary works music architectural works
Generally, in order to receive the protection of a copyright it must be: a. In tangible format b. Kept secret c. Used in commerce Generally, in order to receive the protection of a trademark it must: a. Be in tangible format b. Kept secret c. Used in commerce d. Be filed with the USPTO d. Be filed with the USPTO Generally, in order to receive protection, a patent must be: a. In tangible format b. Kept secret c. Used in commerce d. Filed with the USPTO A mark which distinguishes its owner's goods is called a: a. Collective Mark b. Certification Mark c. Service Mark d. Trademark In a(n), permits reorganization of the debtor's financial affairs under the supervision of the bankruptcy court. a. Chapter 11 Bankruptcy b. Chapter 14 Bankruptcy c. Chapter 7 Bankruptcy d. Chapter 13 Bankruptcy 4:26 PM
The purposes of intellectual property law do not include which of the following? Question 10Answer a. prevent people from using the invention b. protect the product of mental effort c. outline the rights and responsibilities of the originator and the users of the invention d. encourage the free flow of new ideas e. give the creator the right to benefit from it
How long does the owner of a patent enjoy exclusive rights on his/her invention? Select one: O 20 years after the grant of a patent [b] O 20 years after the death of the inventor [e] O 20 years from the publication of the invention [d] O 20 years from the filing date of a patent application [c] O 20 years from the time of making the invention [a]
rity violation and is an infringement of copyright. Hosting this question on any Effective design and implementation of an executive information system (EIS) requires top management support and user involvement. True False
A preparer e-file hardship waiver might be granted for which of the following reasons? • A) The preparer is in a Presidentially Declared Disaster Area B) The preparer does not have software that would facilitate e-file C) The preparer believes the e-file program is a government conspiracy to spy on citizens D) The preparer doesn't want to participate in e-file
An engineer has developed a machine that turns coal into diamond. This should be protected by: a. Trademark b. None of these C. Trade secret d. Copyright
The provisions of the Real Estate License Law apply to which of the following individuals? A. a regular employee of a property owner who conducts lease transactions on the property O.B. a licensed person who for a fee receives a referral from a licensed broker ⒸC. a property manager who handles the sale of units within a managed condominium complex OD. salespersons who sell their primary residences
Copyright Patents and Trademarks all last for the lifetime of the creator? True or false It is up to the person who creates a product to choose whether they want a patent, copyright or trademark for their creation. True or False. In terms of legal complexity in obtaining the protection, the most difficult to secure is a: A. Trademark B. Copyright C. Patent D. Trade Secret

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