Business & Finance Chapter 9 Information That Not Known The Competition

subject Type Homework Help
subject Pages 9
subject Words 83
subject Authors Al H. Ringleb, Frances L. Edwards, Roger E. Meiners

Unlock document.

This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
page-pf1
215. In Bowman v. Monsanto, where Bowman used Monsanto's patented Roundup Ready seeds and, in violation of
the contract provided by Monsanto, kept seeds from his crop to use next year so that the seeds had the genetic
composition of the Monsanto seeds. The Supreme Court held that:
a. Monsanto's patent only extended to seeds it sold so there was no infringement
b. Monsanto's patented product could be sold with restrictions, which Bowman violated
c. Monsanto's patent had expired by the time of the litigation, so the case was moot
d. none of the other choices are correct
216. In Bowman v. Monsanto, where Bowman used Monsanto's patented Roundup Ready seeds and, in violation of
the contract provided by Monsanto, kept seeds from his crop to use next year so that the seeds had the genetic
composition of the Monsanto seeds. The Supreme Court held that:
a. Monsanto's patent only extended to seeds it sold so there was no infringement
b. Monsanto's patented product could not be sold with restrictions on used
c. Monsanto's patent had expired by the time of the litigation, so the case was moot
d. Monsanto's patent had been incorrectly granted as it applied to genetic material
e. none of the other choices are correct
page-pf2
217. In Bowman v. Monsanto, where Bowman used Monsanto's patented Roundup Ready seeds and, in violation of
the contract provided by Monsanto, kept seeds from his crop to use next year so that the seeds had the genetic
composition of the Monsanto seeds. The Supreme Court held that:
a. Monsanto could prevent Bowman from making new patented seeds
b. Monsanto's patented product could not be sold with restrictions on use
c. Monsanto's patent had expired by the time of the litigation, so the case was moot
d. Monsanto's patent had been incorrectly granted as it applied to genetic material
e. none of the other choices are correct
218. In Bowman v. Monsanto, where Bowman used Monsanto's patented Roundup Ready seeds and, in violation of
the contract provided by Monsanto, kept seeds from his crop to use next year so that the seeds had the genetic
composition of the Monsanto seeds. The Supreme Court held that:
a. Monsanto's patent failed for obviousness, so there was no fringement
b. Monsanto's patent failed because it was prior art, so there was no infringement
c. there was no infringement because the seeds were in the public domain
d. none of the other choices
page-pf3
219. In Bowman v. Monsanto, where Bowman used Monsanto's patented Roundup Ready seeds and, in violation of
the contract provided by Monsanto, kept seeds from his crop to use next year so that the seeds had the genetic
composition of the Monsanto seeds. The Supreme Court that Monsanto's patent:
a. failed for obviousness, so there was no fringement
b. failed because it was prior art, so there was no infringement
c. was invalid because genetic material cannot be patented
d. was infringed by Bowman, but there was no financial harm so the matter was moot
e. none of the other choices
220. The World Intellectual Property Organization:
a. helps reduce the cost of getting broad patent protection
b. protects intellectual property based on a recent treaty
c. helps to standardize patent protection globally
d. none of the other choices
e. all of the other specific choices are correct
221. Intellectual property protection around the world is encouraged by:
a. the World Intellectual Property Organization
b. the World Intellectual Property Group
c. the International Society for Intellectual Property Protection
d. the United Nations
e. the European Union
page-pf4
222. Intellectual property protection around the world is encouraged by:
a. the European Union
b. the World Intellectual Property Group
c. the International Society for Intellectual Property Protection
d. the United Nations
e. none of the other choices are correct
223. Unlike in the United States, in Europe patents for surgery methods:
a. expire in 10 years
b. cannot be obtained
c. can be obtained only after a 5 year waiting period
d. cost more than other types of patents
e. are very common
224. Unlike in the United States, in Europe patents for surgery methods:
a. expire in 10 years
b. are very common
c. can be obtained only after a 5 year waiting period
d. cost more than other types of patents
e. none of the other choices are correct
page-pf5
225. Which of the following can be patented in the United States, but not in Europe:
a. a surgery method
b. a therapy method
c. a new variety of corn
d. a new variety of sheep
e. none of the other specific choices may be patented in Europe
226. Trade secrets:
a. are protected by having employees agree by contract not to divulge them
b. must be confidential and not based on general knowledge gained in the course of employment
c. include information not known by competitors, that if had by competitors would cause the business to lose its
advantage
d. are protected by tort law
e. all of the other choices
227. What is not true about trade secrets:
a. they must be registered
b. they must be confidential information
c. they must include information valuable to competitors
d. they must provide an advantage to the owner
e. all of the other choices are true
page-pf6
228. Information that is not known by the competition and would cause a business to lose its advantage if the competition
obtained it and is protected from disclosure by the owner is:
a. a trade secret
b. a copyright
c. an easement
d. a bargaining chip
e. a patent
229. Information that is not known by the competition and would cause a business to lose its advantage if the competition
obtained it and is protected from disclosure by the owner is:
a. a patent
b. a copyright
c. an easement
d. a bargaining chip
e. none of the other choices are correct
230. Which of the following is true of a trade secret:
a. it is not known by the competition
b. the business would lose its advantage if the competition were to obtain it
c. the owner has taken reasonable steps to protect the secret from disclosure
d. all of the other specific choices are correct
e. none of the other specific choices are correct
page-pf7
231. Which of the following is true of a trade secret:
a. it is known by the competition
b. it is copyrighted
c. the owner has taken reasonable steps to protect the secret from disclosure
d. all of the other specific choices are correct
e. none of the other specific choices are correct
232. Which of the following is true of a trade secret:
a. it is not known by the competition
b. it is copyrighted
c. the owner has not taken reasonable steps to protect the secret from disclosure
d. all of the other specific choices are correct
e. none of the other specific choices are correct
233. Which of the following is true of a trade secret:
a. the business would lose its advantage if the competition were to obtain it
b. it is copyrighted
c. the owner has not taken reasonable steps to protect the secret from disclosure
d. all of the other specific choices are correct
e. none of the other specific choices are correct
page-pf8
234. The formula for Coca-Cola is:
a. patented
b. copyrighted
c. a trade secret
d. trade dress
e. none of these
235. The formula for Coca-Cola is:
a. patented
b. copyrighted
c. in the public domain
d. trade dress
e. none of these
236. Which of the following could be a trade secret?
a. a mathematical formula
b. a cake recipe
c. list of clients
d. all of the specific choices could be a trade secret
e. none of the other choices could be a trade secret
page-pf9
237. In Bohnsack v. Varco, inventor Bohnsack discussed selling an invention to Varco for it produce but no
agreement was reached. Bohnsack later claimed Varco stole the idea and filed for a patent on the idea. He sued.
The courts held that:
a. Varco's patent was invalid due to possible theft of information
b. Bohnsack's invention was public information so was not a secret and could not be patented
c. Varco owed Bohnsack damages for misappropriation of a trade secret
d. Bohnsack would collect treble damages under Wisconsin's Uniform Trade Secrets Act
e. none of the other choices
238. In Bohnsack would collect treble damages under Wisconsin's Uniform Trade Secrets Act
a. Varco's patent was invalid due to possible theft of information
b. Bohnsack's invention was public information so was not a secret and could not be patented
c. Varco owed Bohnsack damages for misappropriation of a trade secret
d. Bohnsack would collect treble damages under Wisconsin's Uniform Trade Secrets
e. none of the other choices
page-pfa
239. In Bohnsack v. Varco, inventor Bohnsack discussed selling an invention to Varco for it produce but no
agreement was reached. Bohnsack later claimed Varco stole the idea and filed for a patent on the idea. He sued
Varco for theft of trade secret. The appeals court held that:
a. a jury could find that Varco knowingly misappropriated a trade secret so owed damages based on the
value of the secret
b. a reasonable jury could not find that Varco knew that the ideas Bahnsack provided were considered trade
secrets
c. even if Varco stole trade secrets, Bahnsack did not show there was any market value in his ideas, so there
would be no damages
d. even if Varco stole trade secrets, the information Bahnsack provided had not been adequately protected
so were in the public domain
e. none of the other choices are correct
240. Suppose a company steals a commercial trade secret from another company:
a. there may be criminal prosecution under the Federal Trade Secrets Act
b. there may be criminal prosecution under the Economic Espionage Act
c. there may be criminal prosecution under the Trade Secret Protection Act
d. there may be criminal prosecution under the American Economic Data Act
e. none of the other choices
page-pfb
241. Under the "whoever, with intent to convert a trade secret that is related to or included in a product that is
produced for or placed in interstate or foreign commerce to the economic benefit of anyone other than the owner
thereof, and intending or knowing that the offense will injure any owner of that trade secret" is subject to
prosecution.
a. Trade Secret Protection Act
b. Economic Protection Act
c. International Patent Protection Act
d. Economic Espionage Act
e. none of the other choices are correct
242. Under the "whoever, with intent to convert a trade secret that is related to or included in a product that is
produced for or placed in interstate or foreign commerce to the economic benefit of anyone other than the owner
thereof, and intending or knowing that the offense will injure any owner of that trade secret" is subject to
prosecution.
a. Trade Secret Protection Act
b. Economic Protection Act
c. International Patent Protection Act
d. Federal Espionage Act
e. none of the other choices are correct
page-pfc
243. In U.S. v. Yang, Yang was accused of bribing a company employee to buy confidential information. The appeals
court held that:
a. the intent to steal trade secrets was all that was necessary to convict Yang
b. more than intent to steal trade secrets was necessary to convict Yang
c. Yang did not understand U.S. laws and so could not be convicted
d. the Economic Espionage Act does not apply to international companies
e. none of the other choices are correct
244. In U.S. v. Yang, Yang was accused of bribing a company employee to buy confidential information. The appeals
court held that:
a. the government was not required to prove that what the defendant sought to steal was in fact a trade secret
b. more than intent to steal trade secrets was necessary to convict Yang
c. the government was required to prove that what the defendant stole was in fact a trade secret
d. the Economic Espionage Act does not apply to international companies
e. none of the other choices are correct
245. In U.S. v. Yang, Yang was accused of bribing a company employee to buy confidential information. The appeals
court held that:
a. Yang could be prosecuted and fined by the federal government
b. Yang could be prosecuted and fined by state law enforcement officials
c. Yang could be prosecuted for civil trade secret violation by the owner of the secrets
d. there was no violation of any law because the information purchased was not secret
e. none of the other choices

Trusted by Thousands of
Students

Here are what students say about us.

Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.