Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
Business Law
Q:
Export controls:
A. function in the same way as import controls.
B. are placed on U.S. products and technology abroad.
C. are the confiscation of foreign-owned property by a government.
D. are similar to nationalization.
E. are the power of eminent domain.
Q:
The Wassanaar Arrangement was entered into by 33 countries in order to control:
A. monetary value fluctuations encountered by nations when conducting international trade.
B. the spread of military and dual use technology to unstable nations.
C. the quality control of food and perishables between nations with different individual quality control regulations.
D. price gouging by dominant countries when dealing with smaller or weaker countries.
E. the impact of corruption on international trade, investments, and business policies.
Q:
In the United States, the counterpart of expropriation is called:
A. nationalism.
B. zoning.
C. police powers.
D. eminent domain.
E. confiscation
Q:
Generally, international law is classified as:
A. public international law.
B. criminal international law.
C. common international law.
D. civil international law.
E. business international law.
Q:
What does the term knowing' refer to under the FCPA?
A. Conscious disregard and deliberate indifference.
B. Working with a country that is indexed for high corruption practices.
C. Stating in an official document that all parties involved are free from corrupt practices.
D. Settlement of payments as per the contract.
E. Understanding of the antibribery provisions and the laws that prohibit corruption.
Q:
Which of the following is not a permissible payment for routine government action under the Foreign Corrupt Practices Act?
A. Obtaining permits.
B. Processing visas.
C. Travel expenses to a foreign official for performing a contractual obligation.
D. Scheduling inspections associated with the transit of goods across the country.
E. Loading and unloading cargo.
Q:
_____ is used in the context of international law as the seizure of foreign-owned property by a government.
A. Nationalization
B. Possession
C. Power of eminent domain
D. Export Controls
E. Expropriation
Q:
When a government assumes ownership of confiscated property, it also includes the process of _____.
A. nationalization
B. expropriation
C. power of eminent domain
D. mortgage
E. exclusion
Q:
The World Intellectual Property Organization (WIPO) Arbitration and Mediation Center hears cases involving domain name disputes and cyber-squatting.
Q:
The arbitration process likely is more will be more streamlined and easier for the parties to understand than litigating the dispute in a foreign court.
Q:
Which of the following is true of the Foreign Corrupt Practices Act of 1977?
A. It prosecutes any foreign official body that bribes American officials.
B. It is designed to watch over the import-export transactions.
C. It prohibits American citizens from doing business with countries that have a high level of corruption.
D. It is designed to stop bribery of foreign officials by American citizens.
E. It governs the corrupt practices in countries doing business with American citizens.
Q:
Intermediaries, under the FCPA, are:
A. given restricted rights to make payments to a foreign official.
B. allowed to make payments to a foreign official.
C. prohibited from making payments that can go to a foreign official.
D. prohibited from all types of international trade.
E. a recommended mode to make payments to foreign officials.
Q:
Parties can use arbitration to avoid the unwanted publicity that often results in open court proceedings.
Q:
The notion of sovereign immunity has always been, and continues to be, absolute in its application.
Q:
Under the doctrine of sovereign immunity, the foreign sovereign claims to be immune from suit entirely based on its status as a state.
Q:
In suing a foreign firm in the United States, a plaintiff must comply with the terms of the Convention of International Sale of Goods.
Q:
The Hague Service Convention is a treaty designed to provide a simpler way to serve process abroad when suing foreign businesses.
Q:
Irrevocable letters of credit have little effect on reducing uncertainties in international transactions.
Q:
By using of a letter of credit, the buyer need not pay the seller for goods prior to shipment and the seller can obtain payment for the goods immediately upon shipment. Use of a letter of credit in the transaction reduces the uncertainties involved.
Q:
Irrevocable letters of credit do not recognize the concept of substantial performance.
Q:
A licensing agreement allows an international business to enter a foreign market without any direct foreign investment.
Q:
The Alien Tort Claims Act was enacted 20 years ago to address tort actions arising from the recent initiatives in global trade.
Q:
A nationalization of assets is most likely to be considered an act in the "public interest" and immune from suit under the FSIA.
Q:
The CISG applies to contracts for the commercial sale of goods (consumer sales for personal, family, or household use are excluded) between parties whose businesses are located in different nations.
Q:
The Convention on the International Sale of Goods resolves all areas of contract law.
Q:
If the United States enters into a trade deal with Costa Rica, with Costa Rica as the seller, and an irrevocable letter of credit is involved, the issuing bank will be located in Costa Rica.
Q:
The issuing bank's commitment to pay is given to the seller directly in the case of a letter of credit.
Q:
The Convention on the International Sale of Goods does not require contracts for the sale of goods to be in writing.
Q:
The Convention on the International Sale of Goods (CISG) outlines standard international practices for the sale of goods.
Q:
Public international law examines relationships created by commercial transactions.
Q:
Under the CSIG, parties are not allowed to negotiate contract terms and cannot opt out of the CISG.
Q:
A country may choose to accept the Court's jurisdiction only when the use of the Court may suit its own interests.
Q:
The International Court of Justice has been a major force in settling disputes since it began functioning in 1946.
Q:
The International Monetary Fund (IMF) encourages international trade by maintaining stable foreign exchange rates and works closely with commercial banks to promote orderly exchange policies with members.
Q:
The WTO does not have the power to hear disputes involving member states.
Q:
The World Trade Organization is the only global international trade organization dealing with the rules of trade between nations.
Q:
The European Union, as it is known today, began when six nations signed the Treaty of Rome.
Q:
A ________ refers to a public meaning that is different from its meaning as a person's name or as a distinctive term, a public meaning that makes the name or term distinctive.
A. primary meaning
B. secondary meaning
C. trade meaning
D. principal meaning
E. supplemental meaning
Q:
For a name to be trademarked:
A. it must be listed on the principal register for five years without being challenged.
B. it must be listed on the secondary register for five years and have acquired a secondary meaning.
C. it must be listed without restrictions and the trademark owner must notify the PTO every year that the trademark is still in use.
D. the PTO will not accept descriptive terms for trademark protection.
E. it must be listed on the principal register for one year and on the secondary register for five years.
Q:
The conduct that violates the The anti bribery provisions of the FCPA may also give rise to a private cause of action for treble damages under the Racketeer Influenced and Corrupt Organizations Act (RICO).
Q:
Expropriation is the seizure of foreign-owned property by a government.
Q:
Under U.S. law, a firm or individual can compel the U.S. government to press a claim on its behalf before the International Court of Justice.
Q:
When you purchase an item from Victoria's Secret, they place the item in a paper bag with handles that feature horizontal pink and white stripes. Even without seeing the words Victoria's Secret on the bag, many people recognize that the purchase is from Victoria's Secret. The bag's coloring and design is considered:
A. trade dress.
B. a certification mark.
C. a collective mark.
D. a service mark.
E. a trademark.
Q:
As part of the trademark application process, the Patent and Trademark Office places a proposed mark in the ________ which gives existing mark owners notice and allows for objection.
A. Official Gazette
B. Federal Register
C. Legal section of major newspapers
D. Congressional Record
E. Principal Register
Q:
A school's seal and logo are examples of what type of intellectual property?
A. Service marks
B. Certification marks
C. Collective marks
D. Patents
E. Brand marks
Q:
What is a colored design or shape associated with a product or service called?
A. Patent
Trade dress
D. Trademark
E. Product design
Trade dress refers to a color or shape associated with a product or service.
Q:
Which of the following is a function of a trademark?
A. Obviousness
B. Utility
C. Distinctiveness
D. Certification
E. Guarantee
Q:
The Nike swoosh' is an example of what type of intellectual property?
B. Patent
C. Certification mark
Trademark
E. Novelty
Trademarks are a form of intellectual property. Like patents you can register them with the PTO, and also like patents, trademarks are some of the most valuable properties that businesses own. McDonald's golden arches, the Nike "swoosh," Coca-Cola, Sony, Facebook Amazon.com, the Colonel, Exxon, Kodak, Kleenex, the Olympic rings, Rolex, Levithe list of famous trademarks is almost endless, but always recognizable.
Q:
Unauthorized use of a registered trademark is known as:
A. false advertising.
B. infringement.
C. denigration.
D. depreciation.
E. copy violation.
Q:
Radford School has just been accredited by the United Federation of Planets Academy of Business and Managements Schools. The school is provided with an icon to put on its home page saying "Member of UFPABMS". This icon is a:
A. collective mark.
B. promotion mark.
C. trademark.
D. brand mark.
E. service mark.
Q:
Which of the following is actually intended to be used by someone other than the owner?
A. Certification marks
B. Collective marks
C. Service marks
D. Trademarks
E. Brand marks
Q:
Which of the following is true in case a patent expires?
A. It comes under the purview of the Supreme Court to restrict its use in public.
B. It is in the public domain and others may use it without limitations.
C. It is put aside for someone else to acquire.
D. It will be reviewed and reassigned to the same owner.
E. It will be declared as null and void and the invention will be declared useless.
Q:
When a patent expires, the invention is said to be in the ________, and others may use it without limitation.
A. business environment
B. communal realm
C. collective sphere
D. public domain
E. legal open space
Q:
Hillward Bakers have been using since their inception ten years ago, a blue HB logo with a baker's hat on the HB. Hobert Bakers, a newly opened bakery and confectionary chain, has used the same logo. Hillward has not registered its logo, but chooses to sue Hobert. Which of the following is true of this case?
A. Hillward cannot sue Hobert since the log has not been registered as a trademark.
B. Hillward can sue Hobert since the logo has been used by Hillward and is associated with it.
C. Hobert can defend that Hillward created something that lacks utility, and cannot be trademarked.
D. Hobert can defend that Hillward created something that was very obvious.
E. Hillward cannot sue Hobert because logos cannot be patented or trademarked.
Q:
Which of the following is true of trademarks?
A. Trademarks are a form of legal and civil property.
B. One can have rights in a trademark only if he/she has registered it.
C. If a trademark is unregistered, it is open for public use.
D. It is firmly associated with an inventive act, and excludes others from making, using or selling the invention.
E. Owners can sue for infringement, and claim rights on a trademark even if they have not registered it.
Q:
Which of the following types of intellectual property can be assigned to the invention of a plant that can be reproduced asexually?
Patent
C. Trademark
D. Trade name
E. Brand mark
Plant patents apply to new varieties of asexually reproduced plants.
Q:
Proving that a patent is invalid because it was in commercial use at least one year before the patent was taken out requires that the defendant prove their case:
A. with a preponderance of the evidence.
B. beyond a reasonable doubt.
C. beyond a preponderance of the evidence.
D. by clear and convincing evidence.
E. with some evidence.
Q:
_____ refers to the ability of an invention to produce surprising or unexpected results; that is, results not anticipated by prior art.
A. Subject matter
B. Nonobviousness
C. Patent litigation
D. Utility
E. Obviousness
Q:
Which of the following defenses can an alleged infringer use to prove that the patent is invalid?
A. The invention is nonobvious.
B. The invention has utility.
C. The invention was previously unknown.
D. The invention is obvious.
E. The invention is not patented.
Q:
The "one-year rule" applies to _____ law.
A. trademark
patent
D. trade secret
E. collective mark
Under patent law even if an invention is otherwise new, it fails the novelty test if it has been described in a publication, sold, or put to public use more than one year before a patent application on it is filed (the one-year rule).
Q:
A patent application must, address each of the following except:
A. it must explain how to make and use the invention.
B. it must show why it is different from all previous and related inventions or state of art.
C. it must show a reasonable business plan for construction, sale, and distribution of the invention.
D. it must precisely describe what aspects of the invention deserve the patent.
E. it must be addressed in words and drawings.
Q:
Misappropriation of a trade secret occurs when:
A. a person is able to recreate the same information that the other considers to be a trade secret.
B. a person recreates a product after looking at it and figuring out how it works or how it is formulated.
C. a person uses another's trade secret and confidential information with authorization.
D. a person legitimately acquires the trade secret, but discloses information violating duty of secrecy.
E. a person uses his or her own knowledge and understanding to recreate what is another's trade secret.
Q:
_____ is an order by a judge either to do something or to refrain from doing something.
A. A penalty
B. An injunction
C. An actual damage
D. A punitive damage
E. A compensatory damage
Q:
A _____ patent applies to useful, functional inventions.
A. design
B. style
C. plant
D. inventive
E. utility
Q:
Whom does the PTO assign to consider a patent application?
A. Claims officer
B. Patent examiner
C. Patent officer
D. The Supreme Court
E. Patent issuer
Q:
The Patent Cooperation Treat (PCT) allows applicants to obtain a preliminary international examination and then pursue final rights in multiple countries at the same time.
Q:
A _____ is any form of knowledge or information that has economic value from not being generally known to, or readily ascertained by proper means by others and has been the subject of reasonable efforts by the owner to maintain secrecy.
B. trademark
C. patent
D. company policy
trade secret
A trade secret is any form of knowledge or information that (1) has economic value from not being generally known to or readily ascertainable by proper means by, others and (2) has been the subject of reasonable efforts by the owner to maintain secrecy.
Q:
Which of the following is true of violation of trade secrets' rights?
A. One must misappropriate another's information.
B. One must use another's information without permission.
C. Unauthorized use of another's information constitutes as a violation of trade secrets' rights.
D. Stealing another's intellectual property violates trade secrets' rights.
E. Buying and selling of trade secrets violates the law of trade secrets.
Q:
Which of the following is the first step in protecting trade secrets?
A. A business must assert its property by preserving secrecy.
B. A business should decide who can visit the business and what areas can be seen by them.
C. A business must establish the existence of a trade secret as it is critical in controlling valuable knowledge resources.
D. A business must identify confidential knowledge-based resources by conducting a trade secret audit.
E. A business must enforce visitors, suppliers, and customers to sign a non-disclosure agreement.
Q:
Copying for research or teaching are considered an infringement of the owner's property.
Q:
One can be liable for materially contributing to another's infringement with knowledge of the infringement.
Q:
Trade dress refers to a color or shape associated with a product or service.
Q:
When an owner does not defend against the unauthorized use of a trademark, the trademark is most likely to become generic.
Q:
The courts can declare a trademark invalid even if the U.S. Patent and Trademark Office has accepted registration.
Q:
Fair use of a registered trademark is allowed by the Economic Espionage Act.
Q:
The Federal Trademark Dilution Act prohibits the use of a mark that is the same or similar to a "famous" trademark only when the owner of the "famous" trademark can prove public confusion regarding the two marks.
Q:
A patent is a legal monopoly in the tangible resource of copying and marketing a new invention.
Q:
Design patents apply to the appearance of an article of manufacture, unrelated to its function.
Q:
Under patent law even if an invention is otherwise new, it fails the novelty test if it has been described in a publication, sold, or put to public use more than one year before a patent application on it is filed (the one-year rule).
Q:
Trademarks indicate a specific producer.