True/False
Indicate whether the
statement is true or false.
|
|
|
1.
|
The Equal Pay Act of 1963 declares that all races should be paid the same wage
for the same work.
|
Multiple Choice
Identify the
choice that best completes the statement or answers the question.
|
|
|
2.
|
Something that has total control over a products and its means of production is
a:
a. | market supply | c. | monopoly | b. | mental ownership | d. | market segment |
|
|
|
3.
|
A word, symbol, design, or combination of these
that a business uses to identify itself or something it sells a. | logo | c. | graftmark | b. | brand | d. | trademark |
|
|
|
4.
|
Which of the following tax does NOT have to be paid by a business
a. | FICA | c. | income | b. | sales | d. | payroll |
|
|
|
5.
|
The Federal Unemployment Tax covers people who
a. | are on maternity leave | c. | have been fired | b. | are temporarily unemployed | d. | are related to
employees |
|
|
|
6.
|
Under patent and trademark rules, which is an example of a class that an
invention must fit under?
a. | a composition | c. | something obvious that has no use in society | b. | a previous work of
art | d. | a historical
letter |
|
|
|
7.
|
Which categories of law must you be aware of when starting a business?
a. | location, civil, religious | c. | criminal, corporate,
constitutional | b. | coporate, location, civil | d. | permits and licenses, contracts, choosing a location |
|
|
|
8.
|
Which of the following professions does NOT require a license to operate:
a. | doctor | c. | hardware salesman | b. | hair stylist | d. | AKC dog breeder |
|
Matching
|
|
|
a. | patent law | b. | trademark issue | c. | copyright | d. | trade secrets |
|
|
|
9.
|
protects recipes
|
|
|
10.
|
protects an invention
|
|
|
11.
|
protects books
|
|
|
12.
|
protects logos
|
Short Answer
|
|
|
13.
|
Describe free enterprise.
|
|
|
14.
|
What branch of law deals with how ideas are
protected?
|
|
|
15.
|
What does it mean when a lawyer tells you that the status of your invention is
“patent pending?”
|
|
|
16.
|
List three types of false or misleading advertisements and explain why
businesses should watch out for them.
|