Unit 6 Quiz Review

Which one of these tools could an individual or organization use to protect their intellectual property?

• Patents

• Trade secret rights

• Arbitrary laws

• Suggestive laws

What positive effect do intellectual property laws have on the business market value?

• Intellectual property processes are tedious and long and thus companies are discouraged to pursue it.

• Intellectual property laws give individual innovators and firms the ability to maximize profit and generate economic value.

• Intellectual property patents are costly and thus only a segment of the population may afford end products

• Intellectual property laws restrict market access and thus reduces profit and economic value.

The major purpose of copyright law is to

• define the length of the copyright protection.

• promote the progress of the sciences.

• licensing software.

• prevent copying software.

You have developed what you think is the next big thing in the gaming industry. You are wanting to license your product, but realize that someone has pirated your game and is giving it away for free. What benefit of intellectual property is this violating?

• producing downloads

• producing cost

• producing revenue

• producing disks

A licensee has violated the agreement that the two of you made with respect to your intellectual property. What could you use as grounds to take legal action against the licensee?

• infringement

• entanglement

• indigestion

• indiscretion

Which of the following statements characterizes the relationship of financial estimates and financial decisions?

• Financial data is an objective of the use of financial estimates.

• Financial estimates use financial data to make financial decisions.

• Financial estimates are an objective of financial decisions.

• Both depend on financial data.

Why is it difficult to derive collected data that benefits the user?

• available user data is of poor quality

• costs of derivation are too high

• derivation techniques are not powerful enough

• size of user data is very large and diverse

What must you do with revenue from digital work?

• Digital revenue is not taxable under one million dollars.

• Digital revenue is not taxable.

• Declare it as part of your revenues.

• Hide it in an offshore account.

You are a doctor and decide to put your data in the cloud to modernize your practice. What is the first criteria you should ask about when considering a provider?

• HIPAA compliance

• compatible with your current software

• S3 compliance

• cost-effective

Legally, how is the privacy of personal information handled in the European Union (EU)?

• as a benefit of the corporation

• protected based on its usage

• as a fundamental human right

• as a source for collection and analysis