Managers And the Legal Environment Strategies for the 21st Century 7th Edition by Constance E. Bagley – Test Bank

CHAPTER 11
Intellectual Property

TRUE-FALSE QUESTIONS

1. After a patent expires, the invention is dedicated to the public.

ANSWER: True
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal

2. A copyright is a government-granted right to exclude others from making, using, or selling an invention.

ANSWER: False
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal

3. Intellectual property is any product or result of a mental process that is given legal protection against unauthorized use.

ANSWER: True
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal

4. Copyright protection does not extend to derivative works.

ANSWER: False
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal

5. A patent holder must personally make use of the invention.

ANSWER: False
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal

6. The patent practice of other countries is often different from that of the U.S.

ANSWER: True
SKILL LEVEL: Diversity
OBJECTIVE: AICPA: Legal

7. An invention is “novel” if it is explained in book format.

ANSWER: False
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal

8. A trademark does not necessarily reveal the product’s manufacturer.

ANSWER: True
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal

9. The packaging or dressing of a product may be protected under the trademark laws as trade dress.

ANSWER: True
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal

10. Trade secrets are protected for an indefinite time.

ANSWER: True
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal

11. The U.S. Supreme Court ruled that living organisms can be patented if they are human-made.

ANSWER: True
SKILL LEVEL: Analytic
OBJECTIVE: AICPA: Legal