Deck 50: Intellectual Property

Question 1

Intellectual property is an umbrella term for the legal property rights related to trade secrets, patents, copyrights, and trademarks.

Answer 1

True

Question 2

Personal property is the result of a knowledge flow within an intellectual capital management program.

Answer 2

False

Question 3

Trade secrets can include information that is broader than what can be protected with patents or copyrights.

Answer 3

True

Question 4

Trade secrets may be independently discovered or reverse engineered with liability.

Question 5

To be patentable, an invention must be new and obvious.

Question 6

The federal Copyright Act of 1976 allows creators to obtain a copyright by having an "original work of authorship fixed in any tangible medium of expression."

Question 7

A copyrighted work must exhibit originality, show some degree of creativity, and be fixed in a durable medium.

Question 8

A trademark is a nonfunctional, distinctive word, name, shape, symbol, phrase, or a combination of words and symbols that helps consumers to distinguish one product or service from another.

Question 9

The key requirement for a protectable trademark is indistinctiveness that indicates the product's source.

Question 10

Intellectual property is an umbrella term for the legal property rights except:

A) patents
B) real property
C) copyrights
D) trademarks

Question 11

__________ property is the result of a knowledge flow within an intellectual capital management program.

A) Possessory
B) Intellectual
C) Personal
D) Real

Question 12

The knowledge that resides within employees is __________ knowledge.

A) concerted
B) acquired
C) outspoken
D) tacit

Question 13

__________ knowledge is knowledge that is recorded and available for the company's interpretation, application, and reproduction.

A) Concerted
B) Acquired
C) Explicit
D) Tacit