MGT 492 Chapter 7

Which of the following are one of the four statutory classes of inventions established by Congress. (Select all that apply.) a. Articles of manufacture b. Machines c. Products of nature d. Composition of matter

a, b, d

Which of the following have the potential to be trademarked? (Select all that apply.) a. A slogan b. A color c. A company logo with the U.S. flag d. A container shape

a, b, d

In addition to fitting into one of the four classes, an invention must meet three criteria. What are they? (Select the three criteria.) a. An invention must have utility. b. An invention must be disclosed in a peer-reviewed publication. c. An invention must not contain prior art. d. An invention must be nonobvious. e. An invention must disclose all the possible uses.

a, c, d

True or False? Intellectual property is not described by a physical form but, rather, is a right under the law. a. True b. False

a. True

True or False? Once an inventor has been granted a U.S. patent, he or she has the right to exclude anyone in any country from making and distributing the protected invention. a. True b. False

b. False

True or False? A patent gives the holder the right to make and sell their invention. a. True b. False

b. False A patent gives the holder the right to defend the patent against others who would attempt to manufacture, use, or sell the invention during the period of the patent

True or False? Copyrights protect the original ideas of authors, composers, screenwriters, and computer programmers. a. True b. False

b. False They protect the works of these people

A user manual is an example of: a. intellectual property. b. intellectual assets. c. tacit knowledge

b. intellectual assets.

The intellectual property pyramid shows _____ at the base of the pyramid and _____ at the top of the pyramid. a. copyrights; trademarks b. trade secrets; patents c. trademarks, copyrights d. patents; trade secrets e. trade secrets; copyrights

b. trade secrets; patents

You're talking on your cell phone in a Starbucks. Someone overhears your discussion and acts on the information. You are in danger of losing your right to claim _____. a. trademark b. patent c. trade secret d. copyright e. intellectual property

c. trade secret