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web.groovymark@gmail.com
- December 12, 2024
Question 41
What is HIPAA primarily concerned with?
A. Protecting consumer financial data
B. Regulating healthcare industry standards
C. Ensuring patient privacy for medical information
D. Regulating pharmaceutical sales
Answer: C
Explanation: HIPAA protects the privacy of individuals' medical information and limits its use for non-healthcare-related purposes.
Question 42
What does duty-based ethics emphasize?
A. The consequences of one’s actions
B. Individual duties to others and the planet
C. Legal obligations within a business setting
D. Economic outcomes over ethical considerations
Answer: B
Explanation: Duty-based ethics emphasizes the moral obligations each person has toward others, which may be based on religious or philosophical reasoning.
Question 43
What is outcome-based ethics primarily focused on?
A. The impact of decisions on stakeholders and society
B. Following established duties regardless of consequences
C. Ensuring compliance with government regulations
D. Maintaining adherence to moral principles
Answer: A
Explanation: Outcome-based ethics evaluates decisions based on their impacts on key stakeholders and society, striving for the greatest good for the greatest number of people.
Question 44
What is intellectual property?
A. Physical assets owned by a business
B. Any creative work that can be copyrighted or trademarked
C. A corporate asset used to increase production
D. A law regulating industrial property
Answer: B
Explanation: Intellectual property refers to products of the mind, such as inventions, trademarks, patents, and trade secrets.
Question 45
What is a trademark?
A. A written copyright on a piece of art
B. A company’s distinctive mark, symbol, or slogan
C. A government document guaranteeing intellectual property rights
D. A legal claim to a patent
Answer: B
Explanation: A trademark is a distinctive mark, motto, or symbol used to identify a brand, such as the Nike swoosh.
Question 46
What is a fanciful trademark?
A. A word with no meaning outside of the trademark
B. A trademark derived from an existing word
C. A trademark that suggests a product’s use
D. A trademark used to describe a product’s features
Answer: A
Explanation: A fanciful trademark is a word or symbol with no meaning outside of the trademark itself, like "Google" or "Kodak."
Question 47
What is the purpose of the Federal Trademark Dilution Act (1995)?
A. To register all trademarks with the U.S. government
B. To prevent confusion in similar product categories
C. To protect famous trademarks from unauthorized uses, regardless of competition
D. To enforce fair trade practices
Answer: C
Explanation: The Federal Trademark Dilution Act was enacted to protect famous trademarks from unauthorized uses that may dilute their distinctiveness, even if no direct competition exists.
Question 48
What does the Lanham Act of 1946 focus on?
A. Protecting manufacturers from trademark dilution
B. Protecting authors from copyright infringement
C. Establishing intellectual property registration
D. Regulating advertising content
Answer: A
Explanation: The Lanham Act protects manufacturers from losing business due to confusingly similar trademarks used by competitors.
Question 49
What does trademark infringement require the owner to prove?
A. Unauthorized use of a trademark
B. That the defendant copied the trademark in entirety
C. That the defendant’s use created a likelihood of confusion about the origin of the products
D. That the defendant registered the same trademark
Answer: C
Explanation: To prove trademark infringement, the owner must show that the defendant's use of the mark created a likelihood of confusion about the origin of the products.
Question 50
How long does a patent grant exclusive rights to an invention?
A. 10 years
B. 15 years
C. 20 years
D. 25 years
Answer: C
Explanation: A patent grants the inventor exclusive rights to make, use, and sell the invention for 20 years from the date of filing.
