32. C2.7 Intellectual Property Rights

What is considered intellectual property in an organization?

• Employee records

• Office furniture

• Brand names and designs

• Annual financial reports

What does a trademark specifically protect?

• Inventions only

• Brand names and logos

• Written documents

• Business strategies

Which example is mentioned as being protected by a trademark?

• Microsoft's Office Suite

• Amazon's delivery system

• McDonald's M logo

• Google's search algorithm

What is required to maintain a trademark?

• A one-time registration

• Annual renewal

• No maintenance required

• Periodic proof of use

What must an inventor prove to obtain a patent?

• The invention is expensive

• The invention is unique and useful

• The invention has a potential market

• The invention is complex

Which of the following is an example of a patented item?

• Three-blade technology in blenders

• A new type of coffee flavor

• An online marketing strategy

• A fitness training program

What is the main benefit of obtaining a patent?

• Public recognition

• Tax reduction

• Legal protection against copying

• Lifetime revenue

What does copyright law automatically protect?

• Manufacturing processes

• Customer databases

• Music and books

• Business models

How long does copyright protection last?

• 50 years after creation

• 100 years after creation

• Lifetime of the creator

• 70 years after the creator's death

What is the purpose of a Creative Commons license?

• To increase the cost of using creative works

• To protect trade secrets

• To allow free use of creative works with conditions

• To restrict the use of creative works