Test Bank Protecting Intellectual Property Chapter 7 6e

Chapter 7 – Protecting Intellectual Property

True-False

1. Statutory forms of intellectual property rights include trademarks, patents, company inventory, and copyrights.
2. Although not always afforded the same level of legal protection as copyrights and patents, trade secrets are also considered to be intellectual property.
3. Trademarks could be a combination of forms, including a symbol or a color or a jingle.
4. Copyrights are instruments of protection given to inventors and creators of technological processes.
5. A patent portfolio includes all of the patents owned by a venture and may contain pending applications for additional patents.
6. Because of the relative ease and cost of registration, it is recommended that authors take the steps necessary to notice and register their original works with the US Copyright Office.
7. Unlike patent attorneys, patent agents are specially licensed by the Bar Association to litigate over matters of intellectual property.

Short Answer / Fill in the Blank

1. ______________ patents are issued to individuals who have created a novel ornamental design.
2. ________________ infringement is a widespread problem that has become more complex in recent years owing to the novel nature of electronic forms of authorship found in software and on the internet.
3. The application process for a ________________ includes declaration, application and issuance and must be renewed to remain in force.
4. To be granted a U.S. patent, the invention must have _____________, possess novelty and be non-obvious.
5. Marking articles with the term, “_________________” serves notice to others that they may be in violation of patent infringement should they choose to engage in competitive production or sale of such articles.
6. ___________________ may constitute any manner or form of information that, by way of its secrecy, yields its user potential or actual economic value and competitive advantage over others.

Multiple Choice

1. The greatest advantage of a trade secret over other forms of intellectual property may be that:
2. the content of a trade secret is typically common knowledge among competitors.
3. the duration of a trade secret’s value and service may be almost limitless to its owner.
4. independent development of a formulation or process by outside parties can never be done legally.
5. the secret will never be disclosed, even if large numbers of people are fully aware of the process or formulation.
6. Which of the following correctly match the term to a characteristic related to that term?
7. Copyrights – artistic works owned by the author at the moment of creation.
8. Patents – Symbols or forms that represent a company and/or product with which it is associated.
9. Trade secret – a service mark or collective mark which designates services or membership within an organization.
10. None of the above are correct pairings.
11. The U.S. government’s primary purpose in protecting intellectual property is to:
12. gather tax revenue from the citizenry.
13. compete with other countries by offering various forms of regulation.
14. encourage the advancement of science and the useful arts by offering rewards to those who make such advancements.
15. slow the expansion of products and services within the U.S.
16. The provisional patent application process must include the following:
17. a drawing, in cases where it is necessary.
18. a partial specification which could be a description of the invention.
19. the title given to the invention.
20. All of the above must be included.
21. Reverse engineering:
22. discourages the improvement of existing products already on the market.
23. is often used in the study of high-tech systems employed in robotics and software.
24. is typically inexpensive since the product is already designed.
25. would be used in situations of strong customer loyalty to a product with a short life-span.