Question : 121.As a result of _____ protection, the Nike “Swoosh” logo : 1299211

121.As a result of _____ protection, the Nike “Swoosh” logo is protected from being used by any other shoe manufacturer.  

A. trademark

B. affidavit

C. patent

D. warrant

E. writ

122.Patents, copyrights, and trademarks establish ownership rights over _____ property.  

A. intellectual

B. real

C. tangible

D. non-performing

E. stolen

123.Which of the following is a typical function of a trademark?  

A. It marks the sales territory for which individual salespeople are assigned.

B. It restrains authors, composers, playwrights, artists, and publishers from trading their creative work.

C. It signifies that a country is a member of the World Trade Organization.

D. It acts as a permit to expand a business globally.

E. It allows merchants or manufacturers to designate and differentiate their products.

124.The philosophy behind intellectual property laws is to:  

A. reward the originator of a new invention, book, musical record, and the like for his or her idea and effort.

B. protect the consumers from being subjected to business malpractice.

C. safeguard a firm and its officers from being responsible for injury, death, or damage caused by the firm’s product.

D. eliminate monopoly in international trade.

E. ensure that the rights to manufacture, use, or sell an invention are made available to the whole society.

125.In the context of “knowledge” economy of the twenty-first century, which of the following statements is true about intellectual property?  

A. Intellectual property has become an increasingly important source of economic value for businesses.

B. Protecting intellectual property has become increasingly easy in the twenty-first century.

C. Intellectual property laws limit the creativity and the ability of people to search for novel ways of doing things.

D. Firms always choose to stay out of countries where intellectual property laws are strict.

E. Companies in a country are more likely to commit themselves to extensive basic research if the country prohibits the use of patents.

126.The regulations imposed under the _____ agreement, oblige WTO members to grant and enforce patents lasting at least 20 years and copyrights lasting 50 years.  

A. CIGS

B. TRIPS

C. NAFTA

D. UN

E. IMF

127.Strong enforcement of intellectual property laws:  

A. reduces the piracy (theft) of intellectual property.

B. reduces the attractiveness of a country as a market or investment site.

C. reduces the investments made by companies on basic research.

D. limits creativity and innovation among people.

E. prohibits a company from having a monopoly over its breakthrough inventions.

128.Product safety and product liability laws are enforced to protect:  

A. intellectual property rights.

B. companies from their domestic competitors.

C. companies from their foreign competitors.

D. consumers.

E. product inventors.

129._____ laws hold a firm and its officers responsible when a product causes injury, death, or damage.  

A. Product equity

B. Product failure

C. Product liability

D. Product parity

E. Product testing

130.A boom in product liability suits and awards in the United States resulted in a dramatic increase in the cost of liability insurance. Many business executives argue that this:  

A. makes American businesses less competitive in the global marketplace.

B. offers American businesses greater protection from foreign competitors.

C. exposes consumers to greater product risks.

D. eventually makes it cheaper for foreign companies to do business in the United States.

E. discourages American companies from outsourcing jobs in less developed countries.