Business Law Mid-Term 2025

Which of the following can provide protections to Nike®’s slogan “Just Do It”?

• Copyright

• Trademark

• Patent

• Industry design right

Which of the following is NOT one of the possible results of inappropriate Internet use?

• Your computer can be attacked by viruses

• Your personal information can be used by hackers.

• Your identity can be stolen.

• Your computer can have hardware problems.

The exclusive right granted to an inventor to manufacture, use, or sell an invention is a

• Trademark

• Copyright

• Trade Secrect

• Patent

In which step of starting your business do you look for money to start your business?

• Refine your Idea

• Determining your legal structure

• Assess your Finances

• Advertise

In this step of starting a Business you hire people to help you run your business.

• Refine your Idea

• Determining your legal structure

• Build your Team

• Advertise

A business organization that has members is a(n)

• Corporation

• Partnership

• LLC

• Sole Proprietorship

A business organization where the owners are personally responsible for the business debts a(n)

• LLC

• Sole Proprietorship

• Partnership

• C Corporation

What are negative or unfavorable external factors affecting organizations and businesses which should be avoided or eliminated?

• Strengths

• Weakenesses

• Opportunities

• Threats

Which of the following is an example of a strength?

• Few Competitors

• Access to cheap raw materials

• Cheaper prices than competitors

• Rising income of target market

Which of the following is an example of a threat?

• Lack of morale among employees

• Poor product design

• Rising costs of raw materials

• Higher prices than competitors