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Worksheets

The Legal Environment

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The group of laws that regulates ownership and use of creative works

a)

intellectual property law

b)

patent

c)

public

d)

patent pending

2.

A document that grants to an inventor the right to exclude others from making, using, or selling an invention or other intellectual property during the term of the patent

a)

intellectual property law

b)

patent

c)

patent pending

d)

trademark

3.

Comprises all intellectual property whose protection has expired - people can use any aspect of the device in their own invention free of charge

a)

contract

b)

patent pending

c)

public domain

d)

capacity

4.

Must not contain prior art - must fit into one of five classes (machine, a process, articles of manufacture, a composition, or new use of one of the four categories) - must be unobvious - must have utility

a)

patent pending

b)

patent

c)

consideration

d)

four rules of Patent and Trademark Office

5.

Status of an invention between the time a patent application has been filed and when it is issued or rejected

a)

patent pending

b)

public domain

c)

consideration

d)

trademark

6.

A legal device that protects original works of authors

a)

trademark

b)

copyright

c)

license

d)

permit

7.

A word, symbol, design, or color that a business uses to identify itself or something it sells

a)

license

b)

contract

c)

trademark

d)

capacity

8.

A word, symbol or design that describes a service business

a)

capacity

b)

copyright

c)

trademark

d)

service mark

9.

A legal document giving official permission to run a business

a)

permit

b)

contract

c)

diploma

d)

patent

10.

A certificate that shoes you have the necessary education and training to do a job

a)

permit

b)

license

c)

trademark

d)

diploma

11.

A binding legal agreement between two or more persons or parties

a)

consideration

b)

capacity

c)

contract

d)

legal entity

12.

Is what is exchanged for the promise

a)

capacity

b)

contract

c)

license

d)

consideration

13.

Is the legal ability to enter into a biding agreement

a)

capacity

b)

contract

c)

consideration

d)

permit

14.

Federal agency charged with protecting the rights of employees

a)

Equal Opportunity Employment Commission

b)

FBI

c)

CIA

d)

IRS

15.

The right of an employee to sue his or her employer for damages if he or she is terminated for an unacceptable reason

a)

social security claim

b)

unlawful discrimination

c)

wrongful termination

d)

unemployment compensation

16.

The charging of different prices for the same product or service in different markets

a)

price ploy

b)

price gouging

c)

price discrimination

d)

price plowing

17.

A group of laws that regulates commercial business transactions

a)

Department of Defense

b)

Central Intelligence Agency

c)

Internal Revenue Service

d)

Uniform Commercial Code

18.

A guarantee about the quality of goods or services purchased that is not written down or explicitly spoken

a)

cost plus policy

b)

break even decision

c)

warranty of merchantability

d)

guarantee of quality

19.

An illegal way of selling that involves advertising a products at a very low price in order to attract customers who are then persuaded to switch to a more expensive product

a)

bait-and-switch

b)

rod-and-reel

c)

price discrimination

d)

buy sell strategy

20.

FICA stands for

a)

Federal Integrity Capture Act

b)

Federal Insurance Contribution Act

c)

Federal Income Comprehensive Act

d)

Federal Internal Credit Act