ENT 396 CH. 9
When a trademark becomes the name of a general group of products or services, the trademark protection may be lost because of
generic meaning
Which of the following are not trademarks?
generic words
All of the following are recognized as advantages of partnerships except:
lack of continuity
The registration of a trademark has a lifetime of
10 years plus 10-year renewable periods
Works created after January 1, 1978, have a copyright for the life of the author plus
70 years
An exclusive protection of a literary or an artistic production
Copyright
Best-selling novel
Copyright
It often is possible to obtain more capital and a better range of skills in a sole proprietorship than in a partnership.
False
Laws governing intellectual property rights include copyrights, trademarks, and leases.
False
From where does an S corporation take its name?
Subchapter S of the Internal Revenue Code
Which of the following falls under Chapter 7 bankruptcy?
The debtor is relieved of obligations
To effectively pursue a patent violation, experts recommend that the entrepreneur
prepare a realistic budget for infringement
Logo
Trademark
One of the principal advantages of a corporate form of ownership is that liability (the most money a person can lose) is limited to an individual's investment.
True
The two parts of a patent application are specification and claims.
True
Three primary legal forms of organization are the sole proprietorship, the partnership, and the corporation.
True
Works created and copyrighted after January 1, 1978, are protected for the life of the author plus 70 years.
True
That part of a patent application which identifies the features that are protected is known as the
claim
All of the following are ways of invalidating a trademark except
clearing-out proceedings
Because of the _____ doctrine, it is sometimes difficult to establish infringement.
fair use
There are two parts to a patent application, claims and
specification
When considering bankruptcy, entrepreneurs as sole proprietors normally prefer
Chapter 13
Chapter 7, Chapter 9, and Chapter 11 are the most common forms of bankruptcy.
False
A trademark is a distinctive name, mark, or symbol that is identified with a company's product.
True
The owner of a copyright may do all of the following except
deduct the intrinsic value of the rights from one's taxes
Specific forms of partnership include which of the following?
limited partnerships and limited liability partnerships
Stage Play
Copyright
The registration of a trademark lasts for 40 years, with continuous renewal every 10 years.
False
Computer program
Copyright
Motion picture
Copyright
Musical comedy
Copyright
A distinctive name, mark, symbol, or motto identified with a company's product
Trademark
Company's initials (such as IBM or ITT)
Trademark
Slogan
Trademark
Symbol
Trademark
Word (such as Coke or Pepsi)
Trademark
A copyright provides exclusive rights to creative individuals for the protection of their artistic productions.
True
