Question 1

A closely guarded formula for a recipe protected by a soft drink manufacturer would be considered as an example of a ________.
A)copyright
B)patent
C)trademark
D)trade secret

Accepted Answer

A closely guarded formula for a recipe protected by a soft drink manufacturer is an example of a trade secret, as it is confidential information that gives a competitive advantage and is kept secret from competitors.

Question 2

If a competitor reverse engineers a trade secret,then the competitor is ________.
A)allowed to use the trade secret but not the original trademark
B)rightfully allowed co-ownership to the trade secret and its original trademark
C)not allowed to gain commercially from the trade secret
D)obliged to inform the original owner of the trade secret

Accepted Answer

Reverse engineering is a legal method of discovering a trade secret, so the competitor can use the trade secret but not the original trademark, which is protected under trademark law.

Question 3

Which of the following is considered to be a part of intellectual property?
A)buildings
B)vehicles
C)business contracts
D)patents

Accepted Answer

Intellectual property refers to creations of the mind, such as inventions, literary and artistic works, symbols, names, and images. Patents, which protect inventions and discoveries, are considered a part of intellectual property. Buildings, vehicles, and business contracts do not fall under this category.

Question 4

Apart from recovering damages,and recovering profits made by the offender,successful plaintiffs in a misappropriation of a trade secret case can also ________.
A)obtain the offender's trademarks or brand name as payoff
B)ask for transfer of any of the offender's patents to the plaintiff
C)ask to acquire the offender's trade secrets as payoff
D)obtain an injunction prohibiting the offender from divulging the trade secret

Accepted Answer

Successful plaintiffs in a misappropriation of a trade secret case can obtain an injunction prohibiting the offender from divulging the trade secret. This injunction can be a court order that prevents the offender from using or disclosing the trade secret, which can be a valuable remedy for the plaintiff. The other choices (A, B, and C) are unlikely remedies for a misappropriation of trade secret case.

Question 5

According to the Economic Espionage Act,________.
A)persons who have reverse engineered a trade secret can use that trade secret, and the related trademark
B)the rights to a trade secret will have to be renewed after a specified period of time
C)trade secrets can be shared for a limited amount of time
D)it is a federal crime to steal another's trade secret

Accepted Answer

The Economic Espionage Act makes it a federal crime to steal or misappropriate trade secrets, with penalties ranging from fines to imprisonment. Option A is incorrect as reverse engineering a trade secret does not entitle a person to use it without authorization from the owner. Option B is incorrect as trade secrets have no expiry date and are protected as long as they are kept confidential. Option C is incorrect as trade secrets are supposed to be kept confidential and not shared with anyone outside of the organization.

Question 6

Give an account of the Economic Espionage Act and its importance in combating cyber piracy.

Accepted Answer

The answer of Give an account of the Economic Espionage...

Question 7

According to the public use doctrine for patents,________.
A)a patent will not be granted if the invention was already in public use for more than a year prior to the filing of the patent application
B)an invention cannot be used in the public domain prior to it being granted a patent
C)the inventor has to test his invention in the public domain, to measure its validity, before being granted a patent
D)the invention will come into the public domain once its term period has expired

Accepted Answer

The public use doctrine for patents states that a patent will not be granted if the invention was already in public use for more than a year prior to the filing of the patent application. This means that if the invention was already used by the public before the inventor applied for the patent, the patent will not be granted.

Question 8

A competitor can lawfully use a rival's trade secret if the competitor got the trade secret by means of ________.
A)cross-licensing
B)reverse engineering
C)patenting
D)copyrighting

Accepted Answer

If a competitor obtains a trade secret by reverse engineering, it is considered lawful because they obtained the information through their own independent efforts and not through misappropriation. Cross-licensing, patenting, and copyrighting do not necessarily provide a lawful means for a competitor to use a rival's trade secret.

Question 9

A ________ is a grant by the federal government upon the inventor of an invention for the exclusive right to use,sell,or license the invention for a limited amount of time.
A)copyright
B)patent
C)trade secret
D)trademark

Accepted Answer

A patent is the exclusive right granted by the government to an inventor to manufacture, use, and license their invention for a certain period of time, typically 20 years from the filing date of the patent application. This allows the inventor to protect their invention and prevent others from making, using or selling the same invention without permission. Copyrights protect original works of authorship, trade secrets protect confidential information, and trademarks protect brand names and logos.

Question 10

A ________ is a product formula,pattern,design,compilation of data,customer list,or other covert business information.
A)copyright
B)patent
C)trade secret
D)trademark

Accepted Answer

A trade secret is a type of intellectual property that refers to confidential business information that is not generally known in the public domain and gives an economic advantage to the owner. Unlike patents or copyrights, trade secrets do not require registration or disclosure to the public.

Question 11

A ________ is a patent that protects the functionality of a patent.
A)method patent
B)design patent
C)utility patent
D)process patent

Accepted Answer

A utility patent protects the functionality or usefulness of an invention, while design patents protect the ornamental appearance of an invention. Method and process patents protect specific methods or processes of doing something.

Question 12

Intellectual property falls into a category of property known as intangible rights.

Accepted Answer

Intellectual property includes creations of the mind such as inventions, literary and artistic works, and symbols and designs, which are all intangible and do not have a physical existence.

Question 13

A competitor can lawfully discover a trade secret by performing reverse engineering.

Accepted Answer

Reverse engineering is a lawful method of discovering trade secrets as long as it is done by ethical means and not by stealing or misappropriating the trade secret.

Question 14

Intellectual property falls into a category of property known as ________.
A)moveable property
B)real property
C)tangible property
D)intangible property

Accepted Answer

Intellectual property is a type of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, and symbols, names, and images used in commerce. It is considered intangible property because it cannot be physically touched or possessed like tangible property such as land or a car.

Question 15

Which of the following statements is true of patenting a scientific principle?
A)A Patent for a scientific principle has to be applied directly at the U.S. Court of Appeals for the Federal Circuit.
B)A scientific principle can only be patented if it is a part of the tangible environment.
C)Patent for a scientific principle has to be applied at the U.S. Patent and Trademark Office.
D)A scientific principle can only be patented once a universal consensus has been reached on its validity.

Accepted Answer

The answer of Which of the following statements is true...

Question 16

What federal statute was enacted by the Congress to protect trade secrets?
A)Economic Espionage Act
B)Sarbanes-Oxley Act
C)Lanham Act
D)Telecommunication Act

Accepted Answer

The Economic Espionage Act (EEA) was enacted by the Congress to protect trade secrets. The EEA makes the theft or misappropriation of trade secrets a federal crime, punishable by fines and imprisonment.

Question 17

What is a patent number?
A)a number assigned to a patent during application
B)a number assigned to a patent when the patent is pending
C)a number assigned to a patent once the patent is granted
D)a number assigned to a patent when it comes under investigation

Accepted Answer

A patent number is assigned to a patent once it has been granted by the patent office. This number is used to identify the patent and distinguish it from other patents.

Question 18

In the context of patents,which of the following is a key function of the U.S.Court of Appeals for the Federal Circuit?
A)It hears appeals rejected from state courts regarding patent issues.
B)It accepts applications for new patents.
C)It helps to enact new patent laws.
D)It helps to promote uniformity in patent laws.

Accepted Answer

The U.S. Court of Appeals for the Federal Circuit is responsible for hearing appeals in patent cases, and one of its key functions is to promote uniformity in patent laws. This means that it strives to make sure that patent laws are applied consistently across the country, in order to ensure fair and equal treatment for all inventors and patent holders.

Question 19

How do patent laws help an inventor?
A)They let the inventor keep his patents indefinitely.
B)They help the inventor meet potential buyers for his patented inventions.
C)They provide protection for patented inventions from infringement.
D)They help the inventor guard his patented invention from the public.

Accepted Answer

Patent laws provide protection for patented inventions from infringement, meaning that no one else can make, use, or sell the invention without the permission of the inventor. This protection allows the inventor to profit from their invention and prevent others from stealing their idea.

Question 20

When does a patent enter the public domain?
A)when the patent has been challenged in court and found to be an infringement
B)when the patent term period has expired
C)when the government deems that the practical purpose of the invention is universally applicable and cannot be controlled by one individual or group of people
D)when the invention is either obvious or not a novel one

Accepted Answer

A patent enters the public domain when its term period (usually 20 years from the filing date) expires. This means that anyone can use, make, or sell the invention without the fear of infringing on the patent holder's rights.

Quiz 7: Intellectual Property and Cyber Piracy

A closely guarded formula for a recipe protected by a soft drink manufacturer would be considered as an example of a ________.

If a competitor reverse engineers a trade secret,then the competitor is ________.

Which of the following is considered to be a part of intellectual property?

Apart from recovering damages,and recovering profits made by the offender,successful plaintiffs in a misappropriation of a trade secret case can also ________.

According to the Economic Espionage Act,________.

Give an account of the Economic Espionage Act and its importance in combating cyber piracy.

According to the public use doctrine for patents,________.

A competitor can lawfully use a rival's trade secret if the competitor got the trade secret by means of ________.

A ________ is a grant by the federal government upon the inventor of an invention for the exclusive right to use,sell,or license the invention for a limited amount of time.

A ________ is a product formula,pattern,design,compilation of data,customer list,or other covert business information.

A ________ is a patent that protects the functionality of a patent.

Intellectual property falls into a category of property known as intangible rights.

A competitor can lawfully discover a trade secret by performing reverse engineering.

Intellectual property falls into a category of property known as ________.

Which of the following statements is true of patenting a scientific principle?

What federal statute was enacted by the Congress to protect trade secrets?

What is a patent number?

In the context of patents,which of the following is a key function of the U.S.Court of Appeals for the Federal Circuit?

How do patent laws help an inventor?

When does a patent enter the public domain?