Question: Which of the following would a patent not protect?
Answer Choices: A. A new design of disabling cellphones while driving
B. A new robotic process in a car plant
C. A new movie
D. A new drone designed to go underwater
E. A new 3D printing system
Answer: C. A new movie
Question: Which of the following is true about an LLC?
Answer Choices: A. Owners give up rights to manage
B. Must follow statutory management structure
C. Owners are called partners
D. Each member may participate in management
E. Members are not equally involved
Answer: D. Each member may participate in management
Question: In a limited partnership, the ___ has unlimited personal liability.
Answer Choices: A. General partner
B. Managing partner
C. Limited partners
D. President
E. All partners
Answer: A. General partner
Question: What is Jaydon’s responsibility in terms of sharing losses? Correct Answer: Jaydon is only liable up to his $10,000 capital contribution and cannot be forced to contribute more.
Answer Choices:
Answer: Jaydon is only liable up to his $10,000 capital contribution and cannot be forced to contribute more.
Question: Do both state and federal law protect against trademark dilution?
Answer Choices: A. Federal only
B. Some states only
C. Both federal and some states
D. All states only
E. All states and federal
Answer: C. Both federal and some states
Question: A competitor may lawfully discover a trade secret by means like public plant tours.
Answer Choices: A. True
B. False
Answer: A. True
Question: What gives a business advantage over competitors?
Answer Choices: A. Non-disclosure agreement
B. Trademark
C. Copyright
D. Trade secret
E. Non-compete agreement
Answer: D. Trade secret
Question: Which of the following uses qualifies under the fair use doctrine?
Answer Choices: A. Research only
B. News reporting only
C. Reproduction that will produce profits
D. Any reason, due to the unlimited nature of fair use doctrine protection
E. Criticism, comment, news reporting, teaching, scholarship, and research
Answer: E. Criticism, comment, news reporting, teaching, scholarship, and research
Question: How many years does a patent grant exclusive rights from the date of application?
Answer Choices: A. 7
B. 10
C. 20
D. 25
E. 70
Answer: C. 20
Question: Intellectual property protects mental creativity over physical effort.
Answer Choices: A. True
B. False
Answer: A. True
Question: What refers to the overall appearance and image of a product?
Answer Choices: A. Trade dress
B. Mark
C. Trademark only
D. Service mark only
E. Trademark or service mark
Answer: A. Trade dress
Question: What must a mark holder submit to register with the USPTO?
Answer Choices: A. Drawing and last use in interstate commerce
B. Drawing and first use in intrastate commerce
C. First use in intrastate commerce
D. Use and last use in interstate commerce
E. Drawing and first use in interstate commerce
Answer: E. Drawing and first use in interstate commerce
Question: Which is a mark used with a service?
Answer Choices: A. Collective mark
B. Product trademark
C. Certification mark only
D. Service mark only
E. Service mark or certification mark
Answer: D. Service mark only
Question: Which of the following is false regarding the GDPR?
Answer Choices: A. It is an EU-wide law
B. It applies to EU-based businesses
C. It applies to U.S. firms doing business in the EU
D. Firms that violate the GDPR can be fined the lesser of €10 million or 2% of revenue
E. It prohibits use of personal data without consent or legal basis
Answer: D. Firms that violate the GDPR can be fined the lesser…
Question: Copyrights protect the expression of creative ideas.
Answer Choices: A. True
B. False
Answer: A. True
Question: Which of the following is not a requirement for patent eligibility?
Answer Choices: A. The subject must be patentable
B. The subject must be fixed
C. The object must be nonobvious
D. The object must be novel
E. The object must be useful
Answer: B. The subject must be fixed
Question: Can Xavier sue Melia for trade secret violation after she stole and sold his secret formula?
Answer Choices: A. Yes, trade secrets are protected if kept secret and not generally known
B. Yes, only if reverse engineering wasn’t completed
C. No, because reverse engineering was underway
D. No, formulas are patent-protected
E. No, formulas are copyright-protected
Answer: A. Yes, trade secrets are protected…