Cross 9e TBB Ch14

Chapter 14

Intellectual Property Rights

N.B.: TYPE indicates that a question is new, modified, or unchanged, as follows.

N A question new to this edition of the Test Bank.
+ A question modified from the previous edition of the Test Bank.
= A question included in the previous edition of the Test Bank.

TRUE/FALSE QUESTIONS

1. More than two hundred years ago, the Declaration of Independence recognized the importance of protecting creative works.

ANSWER: F PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Legal

2. States do not have trademark statutes.

ANSWER: F PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal

3. Trademarks may be registered only with the federal government.

answer: F PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Legal

4. A service mark distinguishes products used by those in public service.

answer: F PAGES: Section 1 TYPE: + BUSPROG: Reflective AICPA: BB-Legal

5. A famous trademark may be diluted only by the unauthorized use of an identical mark.

answer: f PAGES: Section 1 TYPE: = BUSPROG: Reflective AICPA: BB-Legal

6. Counterfeit goods copy or otherwise imitate trademarked goods, and they are in fact sometimes genuine trademarked goods.

answer: F PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Legal

7. A trade name can be protected under the common law, but only if it is unusual or fancifully used.

ANSWER: T PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Legal

8. A license permits the use of another’s intellectual property for certain purposes.

ANSWER: T PAGES: Section 1 TYPE: + BUSPROG: Analytic AICPA: BB-Legal

9. A patent applicant must demonstrate that an invention is “commercially practicable” to receive a patent.

answer: f PAGES: Section 2 TYPE: = BUSPROG: Analytic AICPA: BB-Legal

10. With a few exceptions, almost anything is patentable.

ANSWER: T PAGES: Section 2 TYPE: + BUSPROG: Reflective AICPA: BB-Legal

11. The first person to