Business & Finance Chapter 9 Intellectual property must show some evidence of labor having been

subject Type Homework Help
subject Pages 14
subject Words 2739
subject Authors Al H. Ringleb, Frances L. Edwards, Roger E. Meiners

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True / False
1. Intellectual property must show some evidence of labor having been provided to create it for protection to be
granted.
a. True
b. False
2. Copyrights, trademarks and trade names are examples of intellectual property.
a. True
b. False
3. Intellectual property is also called intangible property.
a. True
b. False
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4. Intellectual property is also called tangible property.
a. True
b. False
5. Intellectual property must be convertible to "practical use."
a. True
b. False
6. Intellectual property must "show evidence of original effort."
a. True
b. False
7. About 20,000 patents are issued annually.
a. True
b. False
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8. About 200,000 patents are issued annually; half go to Americans.
a. True
b. False
9. More than a half-million copyrights are issued annually.
a. True
b. False
10. About half of all copyrights are issued for music.
a. True
b. False
11. Intellectual property includes patents and copyrights.
a. True
b. False
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12. Wrongful use of intellectual property may produce a suit in tort for infringement.
a. True
b. False
13. Wrongful use of intellectual property usually results in a tort suit for conversion.
a. True
b. False
14. Intellectual property violations must be taken to the U.S. Attorney for prosecution.
a. True
b. False
15. The Lanham Act helps provide trademark protection.
a. True
b. False
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16. The Trademark Protection Act of 1963 established modern trademark law.
a. True
b. False
17. The Lanham Act essentially made common law trademark protection a part of federal law.
a. True
b. False
18. Traditionally, trademark protection was created by priority of use.
a. True
b. False
19. Trademarks are due absolute protection under federal law, even if not used in commerce, once they are registered.
a. True
b. False
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20. If a trademark is registered with the Trademark Office, a dispute may be tried in federal court.
a. True
b. False
21. Registration of a trademark helps in the process of obtaining protection in other countries.
a. True
b. False
22. If a trademark is registered, it is easier to get help from the Customs Service in fighting imported counterfeits.
a. True
b. False
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23. To register a trademark you have to pay a fee and submit a copy of the mark, along with a description of the goods
that will use the mark.
a. True
b. False
24. Trademarks must be registered physically, not over the Internet.
a. True
b. False
25. If you register a trademark under the Lanham Act, the registration of the mark will last for twenty years, and then
registration may be renewed.
a. True
b. False
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26. Trademark registration is good for ten years at which point it must be renewed.
a. True
b. False
27. Once issued by the Trademark Office, trademarks are registered forever.
a. True
b. False
28. If the holder of a trademark does not put a notice of the registration, such as ® or TM, by the mark, it loses
protection since there is no notice.
a. True
b. False
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29. Once a word is registered as a trademark, it may not be used in commerce for any other good.
a. True
b. False
30. You discover that the word "wheelbarrow" has not been registered as a trademark. You can register the word as
your trademark so long as you are a producer of wheelbarrows and apply it to that product.
a. True
b. False
31. Anything not already registered may be used as a trademark, including a list of words that describe the product or
its uses.
a. True
b. False
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32. Suggestive trademarks receive the highest level of legal protection for marks.
a. True
b. False
33. Arbitrary and fanciful trademarks receive the strongest legal protection.
a. True
b. False
34. "Exxon" is an arbitrary and fanciful trademark.
a. True
b. False
35. "Chicken of the Sea" is an example of a suggestive trademark.
a. True
b. False
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36. "Thermos" is a generic mark.
a. True
b. False
37. "Clorox" is a generic mark.
a. True
b. False
38. "Zipper" is an arbitrary and fanciful mark.
a. True
b. False
39. Since Holiday Inn is a descriptive mark, it receives no protection.
a. True
b. False
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40. "Raisin Bran" is not a trademark because it uses descriptive words for the product.
a. True
b. False
41. Under the rules of the World Intellectual Property Organization, registration of a trademark in one country applies
to all nations that belong to the Organization.
a. True
b. False
42. Suggestive trademarks are provided no legal protection.
a. True
b. False
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43. Descriptive trademarks are not favored at law, but can receive protection.
a. True
b. False
44. A generic trademark receives no legal protection.
a. True
b. False
45. "Chicken of the Sea" is an example of a suggestive trademark.
a. True
b. False
46. A generic trademark is licensed to all firms in the same industry.
a. True
b. False
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47. The sale of counterfeit goods is estimated at about $20 billion a year in the U.S.
a. True
b. False
48. "Chicken of the Sea" is an example of a suggestive trademark.
a. True
b. False
49. "Chicken of the Sea" is an example of a suggestive trademark.
a. True
b. False
50. Colleges may not trademark their sports team name or logos because they are non-profit institutions.
a. True
b. False
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51. Colleges sports teams can obtain trademarks for their name.
a. True
b. False
52. The extent of trademark protection depends on how well known a mark is.
a. True
b. False
53. Once the shoe company Nike obtained a trademark for a line of shoes called Shox, no other company was allowed
to use that name for any product.
a. True
b. False
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54. If you invent a fictional character such as the Hulk, you have the right to obtain a trademark for the Hulk and sell
the right to use the name and character for advertising purposes.
a. True
b. False
55. For domain names on the Internet, the rule is first come-first serve, among legitimate (real) users of the name.
a. True
b. False
56. Since Delta Airlines is larger and better known than the company named Delta that makes water faucets, Delta
Airlines would be granted priority rights to the domain name www.delta.com.
a. True
b. False
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57. Infringement means a seller causes confusion about the origins of a product by improper use of a trademark.
a. True
b. False
58. It would not be infringement of the adidas trademark to sell shoes under the name addidas, since it is a different
word.
a. True
b. False
59. In case of infringement of a trademark, suit may be brought under the Lanham Act.
a. True
b. False
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60. Dilution means a seller causes confusion about the origins of a product by improper use of any trademark.
a. True
b. False
61. Dilution as a trademark violation applies primarily to famous marks.
a. True
b. False
62. A charge of dilution would apply to a company that sold guitars named Nike, even though Nike does not make or
sell guitars.
a. True
b. False
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63. Cybersquatting occurs when a trademark is used improperly in a domain name.
a. True
b. False
64. To use a competitor's trademark in an ad that is critical of the product would be infringement, since it would be
unauthorized use of the name.
a. True
b. False
65. There is a fair use defense for use of a trademark for parody purposes.
a. True
b. False
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66. There is a fair use defense for infringement that covers news or educational use.
a. True
b. False
67. If a trademark is used in a news story, permission for use must be received first.
a. True
b. False
68. In Audi AG v. D'Amato the appeals court held that Audi did not have the ability to limit D'Amato's use of Audi
trademarks on his website, where he sold Audi products.
a. True
b. False

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