ESB Round 7

The Chief ____________ officer is responsible for all computer-related information technology within an organization. Can also be called the Chief Technology Officer

What protects this brand logo?

• trademark

• copyright

• patent

• trade secret

What would protect this music?

• copyright

• patent

• trademark

• trade secret

What would protect the design of this phone?

• copyright

• patent

• trademark

• trade secret

What 3 elements are required to have a trade secret?

• a unique logo or brand names

• information has economic value not generally known

• must be a service

• subject to reasonable efforts to maintain its secrecy

• others cannot legitimately obtain the information

What must happen before one can use someone else's patent?

• They must obtain ownership of the patent.

• They must get written approval from the owner of the patent.

• They must apply for persmission to use the patent through legal channels.

• They must sign a confidentiality agreement or non-disclosure agreement (NDA)

Franchises will generally have higher _______, but they offer ongoing support and training.

• Start-up costs

• Taxes

• Bankruptcy rates

• Training costs

A type of compensation provided for the amount of work produced.

• Salary

• Piece Work

• Commision

• Hourly Rate

Mia, Evelyn, and Abigail work at a company where they receive a fixed amount of money each pay period. What is this type of payment called?

• Salary

• Piece Work

• Commision

• Hourly Rate

Stage where business takes on new customers and generates a consistent income.

• Take off

• Survival

• Success

• Exit Plan

• Pivot or Persist