cheeseman_buslaw7_tif_07

cheeseman_buslaw7_tif_07 - 7 INTELLECTUALPROPERTYAND...

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1) Customer lists and compilations of data are among items considered to be trade secrets. Answer: TRUE Diff: 2 Topic: Trade Secrets 2) If an owner fails to take all reasonable precautions in preventing a trade secret from being discovered, the secret is no longer protected under state unfair competition laws. Answer: TRUE Diff: 2 Topic: Trade Secrets 3) For trade secrets to be protected, a business owner only needs to take a single action to prevent his or her trade secret from being discovered. Answer: FALSE Diff: 1 Topic: Trade Secrets 4) The victim of stolen trade secrets can recover any profits made by someone from the stolen trade secret. Answer: TRUE Diff: 1 Topic: Trade Secrets 5) The Economic Espionage Act includes software programs within its definition of trade secrets. Answer: TRUE Diff: 2 Topic: Trade Secrets 6) Prior to passage of the Economic Espionage Act of 1996, there was no federal statute that directly addressed the stealing of trade secrets. Answer: TRUE Diff: 1 Topic: Trade Secrets 122 INTELLECTUAL PROPERTY AND  CYBER PIRACY 7
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7) The Economic Espionage Act of 1996 provides for criminal penalties for violation of its provisions. Answer: TRUE Diff: 1 Topic: Trade Secrets 8) Under the U.S. Constitution, patent law is federal law. Answer: TRUE Diff: 1 Topic: Patenting an Invention 9) The granting of a patent terminates the ability to challenge its validity. Answer: FALSE Diff: 2 Topic: Patenting an Invention 10) Patents for inventions are valid for 20 years. Answer: TRUE Diff: 1 Topic: Patenting an Invention 11) Patents are renewable for an unlimited period of time. Answer: FALSE Diff: 1 Topic: Patenting an Invention 12) Improvements to previously patented machines can be patented. Answer: TRUE Diff: 2 Topic: Patenting an Invention 13) The United States still follows the first-to-file rule, which means the first person to file an item or process is given protection over another who was the first to invent an item or process. Answer: FALSE Diff: 2 Topic: Patenting an Invention 123
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14) Life forms may be patented under U.S. patent law. Answer: TRUE Diff: 2 Topic: Patenting an Invention 15) In the United States, if two people independently develop the same invention, the patent will be granted to the first to file for the patent, not the first to invent the invention. Answer: FALSE Diff: 2 Topic: Patenting an Invention 16) Business models used for commerce on the Internet can be patented. Answer: TRUE Diff: 1 Topic: Patenting an Invention 17) The American Inventors Protection Act requires the U.S Patent and Trademark Office to take action on a patent application within 3 years in most cases. Answer: TRUE Diff: 1 Topic: Patenting an Invention 18) A patent holder may recover damages and receive an injunction against an infringer in a patent infringement action. Answer:
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cheeseman_buslaw7_tif_07 - 7 INTELLECTUALPROPERTYAND...

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