ENT 396 CH. 9

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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


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