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BP Ch. 4.2/4.3 GP Activities & Intellectual Property Terms

Total questions: 15

Worksheet time: 9mins

Name
Class
Date
1.

Match the following

a)

A trucking company that travels between IL and WI.

1.

Interstate Commerce

b)

State governments regulating business actions within their own borders.

2.

Intrastate Commerce

c)

States set the speed limits for their own highways.

3.

Intrastate Commerce

d)

The federal government regulating truck design because trucks can and do travel between states.

4.

Interstate Commerce

2.

Which of the following is NOT an element of a contract?

a)

Company Logo

b)

Acceptance

c)

Offer

d)

Consideration

3.

A spoken (verbal) contract will be easier to enforce if...

a)

it is recorded

b)

there is a witness

c)

there are multiple witnesses

d)

all of the choices are true

4.

What is the first element (step) of a contract?

a)

Consideration

b)

Signatures

c)

Capacity

d)

Offer & Acceptance

5.

What is an example of a contract?

a)

Will-Statement of Inheritance

b)

Sales Receipt

c)

Rental agreement

d)

All of these are contracts

6.

What is a contract?

a)

A contract is an agreement to exchange goods or services for something of value.

b)

A contract is only a verbal agreement

c)

A contract is a belief by two or more parties

d)

All of these are true

7.

Only one party needs to agree to a contract.

a)

TRUE

b)

FALSE

8.

Which of the following is an example of intellectual property?

a)

A work of art

b)

A computer program

c)

A trade secret of an organization (recipe of a restaurant)

d)

All of these answers are correct

9.

Copyright law protects authored works; _________ law protects invention.

a)

Patent

b)

Copyright

c)

Trade Mark

d)

Trade Secret

10.

What protects the intellectual property created by artists?

a)

Copyright

b)

Geographical Indications

c)

Patents

d)

Registered Design

11.

What protects the intellectual property created by inventors?

a)

Copyright

b)

Geographical Indications

c)

Patents

d)

Registered Designs

12.

What does a trademark protect?

a)

An invention

b)

A work of art

c)

Logos and names

d)

A secret formula

13.

How long do patents usually last for?

a)

10 years

b)

20 years

c)

40 years

d)

60 years

14.

If you write an original story, what type of intellectual property gives you the right to decide who can make and sell copies of your work?

a)

Copyright

b)

Geographical Indications

c)

Patents

d)

Trademarks

15.

Imagine a sports team sets up a company to sell its own range of clothes. What type of intellectual property can the team use to show that the clothes are made by them?

a)

Copyright

b)

Trademarks

c)

Geographical Indications

d)

Patents