Entrepreneurship Theory Process Practice

Business

Quiz 9 :

Legal Challenges for Entrepreneurial Ventures

Quiz 9 :

Legal Challenges for Entrepreneurial Ventures

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Copyrights have to be registered with the Copyright Office.
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True False
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False

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chapter 13 bankruptcy involves a reorganization of the enterprise.
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True False
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False

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Attorney-hopping is the best way to keep legal fees to a minimum.
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True False
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False

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Three primary legal forms of organization are the sole proprietorship, the partnership, and the corporation.
True False
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The patent process is neither complex nor does it require careful planning.
True False
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Design patents last for 20 years.
True False
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Once issued, the trademark is registered with the Patent and Trademark Office.
True False
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Works created and copyrighted after January 1, 1978, are protected for the life of the author plus 70 years.
True False
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It often is possible to obtain more capital and a better range of skills in a sole proprietorship than in a partnership.
True False
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In bankruptcy terms,chapter 7 is often called liquidation.
True False
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Because corporate law makes it difficult for businesses to consider employee, community, and environmental interests in their decision making, the B corporation has been introduced.
True False
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At present, the courts have held that the unauthorized use of another's mark in a domain name may constitute trademark infringement.
True False
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Anyone who violates an author's exclusive rights under a copyright is liable for infringement.
True False
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The Bankruptcy Act was set up in order to provide assistance to both debtors and creditors.
True False
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Any legal proceeding can cost an entrepreneur a lot of money in legal fees.
True False
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An example of a trademark is a motto.
True False
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The two parts of a patent application are specification and claims.
True False
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One of the principal advantages of a corporation is that the stockholder's liability (the most money a person can lose) is limited to an individual's investment.
True False
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A copyright provides exclusive rights to creative individuals for the protection of their artistic productions.
True False
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chapter 7,chapter 9, andchapter 11 are the most common forms of bankruptcy.
True False
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