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    Chapter 5 MCQS

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    madihaadnan1
    This document contains 15 multiple choice questions about intellectual property concepts including: 1) Examples of intellectual property include electronic circuits, literary creations, artistic expressions. 2) Patentable technology must satisfy criteria of novelty, non-obviousness, and utility. 3) The utility step implies that an invention must have practical application. Reduction-to-practice refers to both the physical making of an invention and demonstrating that it works. 4) Trademarks relate to brand identity while know-how relates to practice and knowledge acquired through experience. Registering a trademark can provide stronger protection and become a valuable source of revenue.

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    Chapter 5 MCQS

    Uploaded by

    madihaadnan1
    342 views3 pages
    This document contains 15 multiple choice questions about intellectual property concepts including: 1) Examples of intellectual property include electronic circuits, literary creations, artistic expressions. 2) Patentable technology must satisfy criteria of novelty, non-obviousness, and utility. 3) The utility step implies that an invention must have practical application. Reduction-to-practice refers to both the physical making of an invention and demonstrating that it works. 4) Trademarks relate to brand identity while know-how relates to practice and knowledge acquired through experience. Registering a trademark can provide stronger protection and become a valuable source of revenue.

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    entrepreneurship papers

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    This document contains 15 multiple choice questions about intellectual property concepts including: 1) Examples of intellectual property include electronic circuits, literary creations, artistic expressions. 2) Patentable technology must satisfy criteria of novelty, non-obviousness, and utility. 3) The utility step implies that an invention must have practical application. Reduction-to-practice refers to both the physical making of an invention and demonstrating that it works. 4) Trademarks relate to brand identity while know-how relates to practice and knowledge acquired through experience. Registering a trademark can provide stronger protection and become a valuable source of revenue.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    342 views3 pages

    Chapter 5 MCQS

    Uploaded by

    madihaadnan1
    This document contains 15 multiple choice questions about intellectual property concepts including: 1) Examples of intellectual property include electronic circuits, literary creations, artistic expressions. 2) Patentable technology must satisfy criteria of novelty, non-obviousness, and utility. 3) The utility step implies that an invention must have practical application. Reduction-to-practice refers to both the physical making of an invention and demonstrating that it works. 4) Trademarks relate to brand identity while know-how relates to practice and knowledge acquired through experience. Registering a trademark can provide stronger protection and become a valuable source of revenue.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Chapter 5 MCQS

    1. Which of the following is an example of intellectual property?


    a) Electronic circuits
    b) Literary creations
    c) Artistic expressions
    d) All of the above

    2. Intellectual property:
    a) Provides a source of competitive advantage
    b) Acts as a barrier to create a competitive advantage
    c) Does not facilitate the best possible return on investment
    d) Attracts potential infringers

    3. _ capital refers to the bank of skills, talent and know-how or employees that are used
    to execute the everyday tasks of business.
    a) Structural
    b) Financial
    c) Human
    d) Capital

    4. Patentable technology must satisfy which of the following criteria?


    a) Novelty
    b) Non-obviousness
    c) Utility
    d) All of the above

    5. A grants the holder the right to exclude others from making, selling, using or offering
    for sale or importing the invention.
    a) Trademark
    b) Patent
    c) Copy
    d) Trade secret

    6. The step implies that an invention cannot be purely theoretical and that it
    must be possible to apply the invention for practical purposes.
    a) Novelty
    b) Non-obviousness
    c) Utility
    d) None of the above
    7. Reduction-to-practice refers to the:
    a) Formulation of a definite and permanent idea of the invention
    b) Physical making of the invention
    c) Demonstration that the invention works
    d) Both the physical making of the invention and the demonstration that it works

    8. Which of the following features can be registered as a design?


    a) 2D features only
    b) 3D features only
    c) Colours only
    d) Any feature that relates to the appearance of the product

    9. The single most valuable asset a business can have is a:


    a) Patent
    b) Trademark
    c) Design
    d) Copyright

    10. Trademarks relate to:


    a) Practice and knowledge acquired through experience
    b) The protection of proprietary information of commercial value
    c) The right to reproduce one’s own original work
    d) Brand identity

    11. Know-how relates to:


    a) Practice and knowledge acquired through experience
    b) The protection of proprietary information of commercial value
    c) The right to reproduce one’s own original work
    d) Brand identity

    12. Which of the following facilitates the process of filing an international patent?
    a) The European Patent Office
    b) World Intellectual Property Organisation
    c) Office of the Harmonization for the Internal Market
    d) The Patent Cooperation Treaty

    13. It is estimated that over is lost per annum working on inventions that are already
    patented.
    a) €100m
    b) €200m
    c) €300m
    d) €400m
    14. Patent information can be gathered from:
    a) Online databases
    b) Paid services
    c) All of the above
    d) None of the above. It is illegal to gather information on patents

    15. Registering a trademark:


    a) Can become a valuable source of revenue through franchising or licensing
    b) Can provide stronger protection as it offers the owner exclusive rights
    c) Can entitle entrepreneurs to demand royalties for the exploitation of their work
    d) All of the above

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