ENT 396 CH. 9
Which of the following are not trademarks? a. symbols b. names c. mottos d. generic words
generic words
All of the following are recognized as advantages of partnerships except: a. lack of continuity b. ease of formation c. direct rewards d. possible tax advantages
lack of continuity
A Company's initials (such as IBM or ITT) are ____________.
Trademark
A distinctive name, mark, symbol, or motto identified with a company's product is a ______________.
Trademark
A slogan is a ____________.
Trademark
A symbol is a ______________.
Trademark
Works created after January 1, 1978, have a copyright for the life of the author plus a. 14 years. b. 50 years. c. 10 months. d. 70 years.
70 years.
When considering bankruptcy, entrepreneurs as sole proprietors normally prefer a. Chapter 7. b. Chapter 13. c. Chapter 11. d. Chapter 5.
Chapter 13.
A Best-selling novel is a _______________.
Copyright
A Computer Program is a _____________.
Copyright
A Motion picture is a ____________.
Copyright
A musical comedy is a _____________.
Copyright
A stage play is a _____________.
Copyright
An exclusive protection of a literary or an artistic production is a _____________.
Copyright
(T/F) Chapter 7, Chapter 9, and Chapter 11 are the most common forms of bankruptcy.
False
(T/F) It often is possible to obtain more capital and a better range of skills in a sole proprietorship than in a partnership.
False
(T/F) Laws governing intellectual property rights include copyrights, trademarks, and leases.
False
(T/F) The registration of a trademark lasts for 40 years, with continuous renewal every 10 years.
False
From where does an S corporation take its name? a. S Lab b. Uniform Commercial Code c. state law d. Subchapter S of the Internal Revenue Code
Subchapter S of the Internal Revenue Code
Which of the following falls under Chapter 7 bankruptcy? a. The debtor is arrested. b. The debtor surrenders most property to a court trustee. c. The debtor is relieved of obligations. d. The debtor fails to file income taxes.
The debtor is relieved of obligations.
To effectively pursue a patent violation, experts recommend that the entrepreneur a. handle all matters personally. b. sue as quickly as possible. c. fill out a preprinted form obtained from a patent office. d. prepare a realistic budget for infringement.
prepare a realistic budget for infringement.
There are two parts to a patent application, claims and a. value. b. integration. c. percentage. d. specification.
specification.
(T/F) A copyright provides exclusive rights to creative individuals for the protection of their artistic productions.
True
(T/F) A trademark is a distinctive name, mark, or symbol that is identified with a company's product.
True
(T/F) 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
(T/F) The two parts of a patent application are specification and claims.
True
(T/F) Three primary legal forms of organization are the sole proprietorship, the partnership, and the corporation.
True
(T/F) Works created and copyrighted after January 1, 1978, are protected for the life of the author plus 70 years.
True
All of the following are ways of invalidating a trademark except a. clearing-out proceedings. b. cleaning-out proceedings. c. abandonment. d. generic meaning.
clearing-out proceedings.
The owner of a copyright may do all of the following except a. perform the work publicly. b. display the work publicly. c. deduct the intrinsic value of the rights from one's taxes. d. reproduce the work.
deduct the intrinsic value of the rights from one's taxes.
When a trademark becomes the name of a general group of products or services, the trademark protection may be lost because of a. abandonment. b. generic meaning. c. cancellation proceedings. d. cleaning-out procedure.
generic meaning.
The registration of a trademark has a lifetime of a. 10 years plus 10-year renewable periods. b. 25 years. c. 20 years plus 5-year renewable periods. d. the lifetime of the owner.
10 years plus 10-year renewable periods.
A Logo is a _______________.
Trademark
A Word (such as Coke or Pepsi) is a _____________.
Trademark
Specific forms of partnership include which of the following? a. limited partnerships and limited liability partnerships b. S partnerships and limited liability companies c. limited partnerships and S partnerships d. limited partnerships
limited partnerships and limited liability partnerships
Because of the _____ doctrine, it is sometimes difficult to establish infringement. a. freedom of information b. fair use c. right to publish d. acquisition
fair use
That part of a patent application which identifies the features that are protected is known as the a. claim. b. essence. c. identification. d. particular.
claim.