Identifying Government encouragement to innovation

11. Copyright law applies to forms of expression contained in:

a. song lyrics and musical compositions

b. sculptures and paintings

c. dramatic and literary

d. all of the above

12. The rights provided by copyrights are

a. Reproduction of the work in various forms

b. Public performance and translate into other languages

c. Broadcasting by radio or cable

d. All of the above

14. A complementary approach to supporting R&D that does not involve the government’s close scrutiny of specific projects is

a. to give firms technological support

b. to give firms a reduction in taxes depending on how much research and development they do.

c. to give firms a lumpsum reduction in taxes. 

d. none of the above

15. Why an invention should be patented?

(i). It gives protection to a patentable invention.

(ii). It gives legal recognition to the invention.

(iii). It makes others aware of the fact as to whom does the invention belongs

(iv). Patenting one’s invention makes useful data relating to the invention available to other inventions for further research and development.

Out of the four reasons given above, identify the correct one(s):

a. (ii) and (iii)

b. (ii), (iii) and (iv)

c. None of the above

d. All of the above

2. One way to increase new technology is to guarantee the innovator a/an:

a. intellectual property right

b. business right

c. legal right

d. none of the above

3. Intellectual Property Rights (IPR) protect the use of information and ideas that are of

a. Ethical value

b. Moral value

c. Social value

d. Commercial value

4. The term ‘Intellectual Property Rights’ covers

a. Copyrights

b. Know-how

c. Trade dress

d. All of the above

5. The following can not be exploited by assigning or by licensing the rights to others.

a. Patents

b. Designs

c. Trademark

d. All of the above 

6. if a pharmaceutical firm has a patent on a new drug, then no other firm can manufacture or sell that drug for

a. 15 years

b. 20 years

c. 21 years

d. 40 years

7. The term “WIPO” stands for:

a. World Investment policy organization

b. World intellectual property organization

c. Wildlife Investigation and Policing organization

d. World institute for Prevention of organized crime

8. A company wishes to ensure that no one else can use their logo. The company must have got a/an:

a. copyrights

b. trademark

c. patent

d. industrial designs

9. A singer wishes to assign the rights to reproduce a video she has made of her concert. She must file for a/an ____________ of her product.

a. copyright

b. trademark

c. patent

d. industrial designs

10. A company decides to use a logo that has the same shape as its competitor but with a different color. It is a violation of:

a. Copyrights

b. Trademark

c. Patent

d. Industrial designs

1. Government policies that can increase the incentives to innovate include:

a. guaranteeing intellectual property rights,

b. government assistance with the costs of research and development

c. cooperative research ventures between universities and companies.

d. all of the above

13. Because patents are imperfect and do not apply well to all situations, alternative methods of improving the rate of return for inventors of the new technology include:

a. Government Spending on Research and Development

b. Tax Breaks for Research and Development

c. Cooperative research ventures between universities and companies.

d. All of the above