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Business Law Final Review

Total questions: 60

Worksheet time: 3600secs

Name
Class
Date
1.

Which type of intellectual property protects brand identity such as logos, slogans, and brand names?

a)

Copyright

b)

Patent

c)

Trademark

d)

Trade Secret

2.

Copyright protection is:

a)

Automatic when the work is created

b)

Only valid if you register it

c)

Only for published works

d)

Valid for 20 years

3.

How long does a patent typically last?

a)

10 years

b)

15 years

c)

20 years

d)

Forever, as long as it's used

4.

The Coca-Cola formula is an example of a:

a)

Patent

b)

Copyright

c)

Trademark

d)

Trade Secret

5.

Which of the following would be protected by copyright?

a)

A company's logo

b)

A new smartphone technology

c)

A song written by an artist

d)

The Chick-fil-A sauce recipe

6.

Trademark infringement is primarily concerned with:

a)

The exact copying of a logo

b)

Likelihood of consumer confusion

c)

Whether money was made from the use

d)

The intent of the person using the mark

7.

If you hire a freelance photographer to take product photos and there's no contract specifying ownership, who owns the copyright?

a)

Your company

b)

The photographer

c)

Both parties equally

d)

Whoever paid for the shoot

8.

Which statement about the "10% rule" for copyright is TRUE?

a)

Changing 10% of a work makes it legal to use

b)

You can use up to 10% of any copyrighted work

c)

It's a myth—there is no 10% rule in copyright law

d)

It only applies to music, not images

9.

Fair use is best described as:

a)

A guaranteed right to use copyrighted material for free

b)

A limited exception allowing use for specific purposes like education or commentary

c)

Permission to use anything found on the internet

d)

A way to avoid paying licensing fees

10.

Which factor is NOT part of the fair use test?

a)

Purpose of the use

b)

Amount used

c)

Whether you gave credit

d)

Effect on the market

11.

A patent protects:

a)

Brand names and logos

b)

Creative works like books and music

c)

New inventions and processes

d)

Confidential business information

12.

To be patentable, an invention must be:

a)

Novel, useful, and non-obvious

b)

Expensive to develop

c)

Made by a large company

d)

Kept secret forever

13.

Patent infringement can occur even if:

a)

You independently invented the same thing

b)

You didn't know the patent existed

c)

You had no intention to copy

d)

All of the above

14.

When an employee creates something as part of their job duties, who typically owns it?

a)

The employee

b)

The employer

c)

They share ownership 50/50

d)

Whoever files for protection first

15.

Using a popular song in a commercial requires:

a)

No permission if you credit the artist

b)

Permission only if you're making profit

c)

A license from the copyright holders

d)

Changing at least 10% of the song

16.

According to current U.S. law, who can own a copyright?

a)

Only humans

b)

Humans and AI

c)

Humans and corporations

d)

Anyone who creates content

17.

If a customer posts a photo of your product on Instagram, can you repost it to your business account?

a)

Yes, because it features your product

b)

Yes, if you tag them

c)

No, not without their permission

d)

Yes, because Instagram content is public

18.

Which is true about images found on Google Images?

a)

They're free to use for any purpose

b)

They're free if you don't make money from them

c)

They may be copyrighted and require permission

d)

They're automatically public domain

19.

"Evergreening" in pharmaceutical patents refers to:

a)

Making drugs more environmentally friendly

b)

Extending patent protection by making minor modifications

c)

Donating expired drugs to developing countries

d)

Planting trees with drug profits

20.

A patent troll is:

a)

A company that steals patents

b)

Someone who invents fake products

c)

A company that buys patents just to sue others

d)

A lawyer who specializes in patent law

21.

Which would likely NOT be considered fair use?

a)

Using a 30-second movie clip in a critical review

b)

Printing Disney characters on t-shirts to sell

c)

Quoting a paragraph in a research paper

d)

Creating a parody of a famous song

22.

Trade secrets remain protected:

a)

For 20 years

b)

For 70 years after creation

c)

As long as they remain secret

d)

Only if registered with the government

23.

Giving credit to the original creator:

a)

Makes any use legal

b)

Is required by law for all uses

c)

Is polite but doesn't replace permission

d)

Only matters for commercial use

24.

Which is a legitimate reason patents might hurt competition?

a)

They encourage innovation

b)

They create 20-year monopolies

c)

They protect small inventors

d)

They require public disclosure

25.

An NDA (Non-Disclosure Agreement) is most closely associated with protecting:

a)

Trademarks

b)

Copyrights

c)

Patents

d)

Trade Secrets

26.

Trademarks can last forever as long as they continue to be used.

a)

True

b)

False

27.

Intent matters in patent infringement. You can't infringe if you didn't know about the patent.

a)

True

b)

False

28.

AI-generated content is currently copyrightable under U.S. law if a human wrote the prompt.

a)

True

b)

False

29.

Copyright protection requires you to register your work with the government.

a)

True

b)

False

30.

The purpose of intellectual property law is to encourage innovation and protect creators' investments.

a)

True

b)

False

31.

The rule of law means that:

a)

Only government officials must follow laws

b)

Laws apply only to citizens, not institutions

c)

All people and institutions are subject to law that is fairly applied

d)

Laws can be changed whenever the majority wants

32.

Which alternative dispute resolution method involves a neutral third party making a binding decision?

a)

Negotiation

b)

Mediation

c)

Arbitration

d)

Diplomacy

33.

Which political value means people should have the same opportunities under the law?

a)

Liberty

b)

Equality

c)

Democracy

d)

Individual Responsibility

34.

What is the key difference between mediation and arbitration?

a)

In arbitration, a neutral third party helps the disputing parties reach their own agreement, while in mediation, a third party makes a binding decision

b)

Mediation is a formal court process, whereas arbitration is an informal, private agreement

c)

In mediation, a neutral third party helps the disputing parties find a solution themselves, while in arbitration, a neutral third party listens to both sides and then makes a final, legally binding decision

d)

Both mediation and arbitration are the same and involve a judge deciding

35.

The concept of the "social contract" is best described as:

a)

An agreement where the government provides a written contract to its citizens outlining their rights and responsibilities

b)

A philosophical idea that people agree to give up some of their individual freedoms and follow rules in exchange for the benefits of living in an organized society, like security and order

c)

A legal document that all members of a community must sign before they can receive government services

d)

The social media policy that a business creates for its employees

36.

Which of the following statements is the most accurate description of human rights?

a)

Human rights are defined by each nation individually and can be granted or revoked by governments

b)

Human rights are privileges that must be earned and are not applicable to all people

c)

Human rights are considered universal, inherent, inalienable, and indivisible, meaning they belong to all people simply because they are human, and they cannot be taken away

d)

Human rights are the same as civil rights and only apply to citizens of a country

37.

Which type of law is considered the supreme law of the land?

a)

Administrative law

b)

Common law

c)

Constitutional law

d)

Statutory law

38.

What are administrative laws?

a)

Laws passed by Congress

b)

Laws that interpret other laws

c)

Rules created by government agencies to implement statutory law

d)

Laws based on judicial precedent

39.

In the hierarchy of law sources, which is the correct order from highest to lowest authority?

a)

Statutes, Constitution, Common law, Administrative Regulations

b)

Constitution, Statutes, Administrative Regulations, Common law

c)

Common law, Statutes, Constitution, Administrative Regulations

d)

Administrative Regulations, Statutes, Common law, Constitution

40.

The main difference between criminal and civil law is that criminal law involves:

a)

Disputes between private parties

b)

The government prosecuting an individual

c)

Seeking money damages

d)

A lower burden of proof

41.

The burden of proof in a criminal case needs to be:

a)

Beyond a reasonable doubt

b)

Preponderance of evidence

c)

More likely than not

d)

Clear and convincing evidence

42.

The doctrine of "stare decisis" means:

a)

The case must be decided quickly

b)

Let the decision stand (follow precedent)

c)

The jury must be unanimous

d)

Evidence must be beyond a reasonable doubt

43.

The Exclusionary Rule gives the 4th Amendment "teeth" because it:

a)

Guarantees a fair and speedy trial

b)

Gives the police the right to search

c)

Allows illegally obtained evidence to be used in court

d)

Can get a case dismissed if evidence was obtained illegally

44.

The "Fruit of the Poisonous Tree" doctrine means:

a)

Environmental crimes are heavily prosecuted

b)

Secondary evidence from illegal searches is also inadmissible

c)

Police must have probable cause for all searches

d)

Judges must issue warrants based on sworn testimony

45.

What is the key difference between a felony and a misdemeanor?

a)

A misdemeanor is a more serious crime

b)

A felony is punishable by more than a year in state prison

c)

Only a felony can result in a criminal record

d)

Misdemeanors are not punishable by jail time

46.

Which is an example of a white-collar crime?

a)

Robbery

b)

Arson

c)

Insider trading

d)

Shoplifting

47.

Which of the following is NOT one of the six essential elements of a contract?

a)

Offer

b)

Consideration

c)

Witnesses

d)

Legality

48.

According to Pennsylvania's Statute of Frauds, which contract MUST be in writing?

a)

A contract to mow a lawn for $40

b)

A contract to sell a car for $600

c)

A contract to babysit for $60

d)

A contract to tutor someone for three sessions

49.

A 16-year-old signs a contract to buy a new phone for $800. This contract is:

a)

Void

b)

Voidable

c)

Valid

d)

Illegal

50.

According to the Mailbox Rule, when is a contract formed when acceptance is sent by mail?

a)

When the letter is written

b)

When the letter is dropped in the mailbox

c)

When the letter is received

d)

When the letter is opened and read

51.

When one party fails to do what they promised in a contract, this is called:

a)

Mutual assent

b)

Breach of contract

c)

Revocation

d)

Capacity

52.

Which statement about oral contracts is TRUE?

a)

They are never legally enforceable

b)

They are generally valid and enforceable

c)

They must always be witnessed

d)

They are automatically void

53.

Which consumer right was NOT part of Kennedy's original four rights in 1962?

a)

Right to Safety

b)

Right to Be Informed

c)

Right to Choose

d)

Right to Redress

54.

A company advertises a TV for $299 but tells customers it's "sold out" and only offers $899 models. This is an example of:

a)

A warranty violation

b)

Bait-and-switch tactics

c)

A debt collection abuse

d)

A product recall

55.

The Truth in Lending Act requires lenders to:

a)

Offer the lowest interest rates

b)

Approve all loan applications

c)

Clearly disclose all costs and terms before you sign

d)

Give you 30 days to cancel any loan

56.

Why did consumer rights need to expand beyond the original four?

a)

The original rights were too difficult to enforce

b)

Globalization, technology, and environmental concerns created new consumer issues

c)

President Kennedy requested additional rights

d)

Companies asked for more consumer protections

57.

Which agency should you contact if you discover errors on your credit report?

a)

Federal Trade Commission (FTC)

b)

Consumer Product Safety Commission (CPSC)

c)

Consumer Financial Protection Bureau (CFPB)

d)

Food & Drug Administration (FDA)

58.

Consumer law is designed to protect consumers from:

a)

All business practices

b)

Unfair, deceptive, and dangerous business practices

c)

Having to comparison shop

d)

Making their own purchasing decisions

59.

Most jobs in Pennsylvania are considered:

a)

Contracted employment

b)

At-will employment

c)

Union employment

d)

Temporary employment

60.

What is the main difference between an employee and an independent contractor?

a)

Employees make more money than independent contractors

b)

Employees control when, where, and how work is done

c)

Employers control when, where, and how employees' work is done

d)

Independent contractors receive W-2 forms at tax time