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bcor Questions and Correct Answers 2024/2025 | Graded A+
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bcor Questions and Correct Answers 2024/2025 | Graded A+
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bcorAccording to the Economist blog, "What disruptive innovation means", which of the following is
the definition of disruptive innovation? - ANSinnovations that create new markets by discovering
new categories of customers
A trademark is: - ANSA word, phrase, symbol, or design which identifies the source of the goods
or services
A patent is: - ANSGranted for any new production process, machine, manufacture or
composition of matter
According to the reading "Law and Economics of IP", what is the objective of intellectual
property protection? - ANSMaximize the incentives for creation of intellectual property and while
reducing administrative and enforcement costs
A copyright is: - ANSThe protection of artistic works such as books, plays, music, movies,
computer software, paintings, etc.
According to Besen and Raskind, which type of intellectual property has the most powerful
remedies in cases of infringement? - ANSCopyrights
In which of the following ways is intellectual property provided legal protection? - ANSAll of
these answers (trade agreements made with other nations, U.S. State law, the US constitution,
international conventions)
A trade secret is: - ANSIntellectual property that gives its holder a competitive advantage over
the competition
In order for the US patent office to award a patent for a new invention, the inventor must show
the invention is: - ANSAll of these answers (nonobvious, useful, new)
Which of the following characteristics of international property protection would NOT directly
affect the incentives of potential innovators/inventors? - ANSThe number of applications for IP
protection that a particular government agency reviews in a given year.
Which of the following is NOT a function of trademarks? - ANSTo protect terms that may
become generic
Courts consider the following when determining trademark infringement: - ANSAll of these
answers (the defendant's intent in selecting its mark, relatedness of goods produced, similarity
of the marks)
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