Courts have generally set forth three requirements for information to quality for trade secrets protection. Which of the following is False? The information must have some social value to consumers. The information must have some commercial value. The information must not be generally known or readily ascertainable by others. The owner of the information must take all reasonable steps to maintain its secrecy. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Generally, marks that that will be refused registration are those that Are immoral, deceptive, or scandalous Are more expensive than average identical products in the market Are exclusively used by government only. Are produced in nonfriendly country. QUESTION 11 Generally, marks that that will be refused registration are those that May disparage or falsely suggest a connection with persons, institutions, beliefs of national symbols. Consist of or simulate the flag or coat of arms or other insignia of the United States or state or municipality or any foreign nation. Are the name, portrait, or signature of a particular living individual unless he/she has given written consent. All of the above QUESTION 12 Protecting the Trademarks Under the Franchise Agreement should stipulate which of the followings. The franchisee should use the marks only in connection with multiple businesses in one location. The franchisee should use the marks only in connection with muttiple businesses in more than one location The franchisee should use the marks only in connection with the right and license granted to The franchisee should use the marks only in connection with food & beverage businesses In a franchise system, the franchisor grants the franchisee with A nonexclusive license to use the franchisor's trademarks and or service marks. A partial exclusive license to use the franchisor's trademarks and or service marks A fully exclusive license to use the franchisor's trademarks and or service marks A limited exclusive license to use the franchisor's trademarks and or service marks QUESTION 8 There are three marks protectable. Which of the following is one of the three? Coined, fanciful, or arbitrary. Coined, unique and the only one exited in the market. Well designed with current social norm. Well designed with current millennials expectations QUESTION 9 Which of the following about Suggestive marks is correct? Suggestive mark requires the consumer to use their expertise in determining the purchase. Suggestive mark requires the consumer to use their previous experience for a purchase. Suggestive mark requires the consumer to use some degree of imagination in determining the procuct or service represented. Suggestive mark requires the consumer to use some degree of information technology in determining the product or service represented. A trademark or service mark is a word. a name. a symbol or a device. All of the above. QUESTION 5 Which of the following correctly describes a trademark or service mark? A guarantee of quality of the product or service. A guarantee of consistency of the product or service A 100 percent guarantee and money back plus a complementary product. Only and b are correct All of the above QUESTION 6 Which of the following distinguishes a trademark from a service mark correctly? A trademarkidentifies both a product and service used for personal consumption A service mark is used in conjunction with a tanglble product. A trademarkidentifies a product and used on the product, on containers pr labels for the product or on displays associated with the product. A service mark is used in the sale and advertising of senvices and generally appears in advertising and promotional materials. Only e and d are correct Which of the following statement correctly defines Intellectual Asset Management (IAM)? IAM is a system intended to create value from a set of intellectual property assets. IAM is a system intended to organize value from a set of intellectual property assets IAM is a system intended to prioritize value from a set of intellectual property assets. IAM is a system intended to extract value from a set of intellectual property assets. All of the above QUESTION 2 What is the first step in developing an effective LAM system? To conduct Intellectual Property inventory analysis To conduct a technical property information system To conduct an intellectual property audit To conduct an intellectual property registration. QUESTION 3 Which of the following statement defines the strategy planning process incorrectly? What patents, systems, and technologies have noncompeting applications? What brands lends themselves to extension licensing or co-branding opportunities? What products are the least expensive to produce to have compesitive leverage? What types of different growth and expansion strategies are being used by the company's compettors