Business

Initech Incorporated, a multinational giant, runs a number of diversif

QUESTION Initech Incorporated, a multinational giant, runs a number of diversified businesses. Which of the following can be considered as an intellectual property of the firm? A. Income arising from renting land and buildings B. Profits arising from the sale of agricultural crops C. Interest earned by lending capital to other firms D. Innovations and […]

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Date: September 3rd, 2020

Which of the following is most likely to be protected by a copyright?

QUESTION Which of the following is most likely to be protected by a copyright? A. A new manufacturing process invented in a company B. A newly invented telecommunication device C. Tangible property like land and building D. Movies produced and directed by a person E. A new type of car invented by an automobile company […]

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Date: September 3rd, 2020

Silver Tape Corporation has developed a new type of adhesive tape. Whi

QUESTION Silver Tape Corporation has developed a new type of adhesive tape. Which of the following types of legal protections can grant the company exclusive rights for a defined period to the manufacture, use, or sale of the new adhesive tape? A. Warrant B. Patent C. Copyright D. Trademark E. Writ   ANSWER B A […]

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Date: September 3rd, 2020

In the context of property rights, which of the following refers to th

QUESTION In the context of property rights, which of the following refers to theft, piracy, blackmail, and the like by private individuals or groups? A. Private consumption B. Private practice C. Privacy tort D. Private action E. Privacy violation   ANSWER D Private action refers to theft, piracy, blackmail, and the like by private individuals […]

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Date: September 3rd, 2020

Which of the following establishes a uniform set of rules governing ce

QUESTION Which of the following establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations? A. Contracts for the International Sale of Goods B. Bill of Exchange C. United Nations Charter D. International Forwarding […]

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Date: September 3rd, 2020

Collectivist-inclined totalitarian states tend to enact laws that seve

QUESTION Collectivist-inclined totalitarian states tend to enact laws that severely restrict private enterprises, whereas the laws enacted by governments in democratic states, where individualism is the dominant political philosophy, tend to be pro-private enterprise and pro-consumer. This indicates that the: A. economic system of a country is independent of its legal system. B. legal system […]

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Date: September 3rd, 2020

Which of the following is true about legal systems? A. All countries

QUESTION Which of the following is true about legal systems? A. All countries have the same, uniform legal environment. B. Unlike the economic system of a country, the legal system is independent of the country’s political system. C. The government of a country defines the legal framework within which firms do business. D. The attractiveness […]

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Date: September 3rd, 2020

Which of the following legal systems is most likely to be based on tra

QUESTION Which of the following legal systems is most likely to be based on tradition, precedent, and custom? A. Common law B. Civil law C. Autocracy law D. Monarchy law E. Universal law   ANSWER A Common law is based on tradition (a country’s legal history), precedent (cases that have come before the courts in […]

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Date: September 3rd, 2020