Vocabulary Quiz: Intellectual Property

What does "Intellectual Property" refer to?

• A physical object owned by a person

• A creation of the mind protected by law from unauthorized use

• A trademark or logo used for branding

• A type of financial investment

Which term describes the legal ownership that allows an individual to create copies and profit from an intellectual property?

• Trademark

• Copyright

• Patent

• Trade Secret

What is a "Trademark"?

• A formula or design that has inherent value due to its secrecy

• A recognizable sign or design usually associated with a company and its goods

• An altered version of a copyrighted material

• A legal right to exclude others from making, using, or selling an invention

Define "Trade Secret".

• A type of intellectual property with inherent value because it is not generally known

• A copyright on a derivative work

• A service mark associated with a particular business

What are "Derivative Works"?

• Original works not subject to copyright

• Altered or changed copyrighted materials that are still protected by copyright laws

• Works created by employees as part of their job

• Creative works that are in the public domain

What does a "Patent" provide its owner?

• The right to exclude others from making, using, or selling an invention

• The ability to create and profit from a new trademark

• The right to use a trade secret indefinitely

• The option to license copyrighted material royalty-free

A "Service Mark" is similar to a trademark but is used for:

• Physical goods

• Software and computer programs

• Services provided by a company

• Artistic works

What is "Commercial Use"?

• Use that generates income

• Use that is exclusively for educational purposes

• Use that is considered fair use

• Use of creative works in the public domain

What does "Fair Use" allow?

• Unlimited use of copyrighted materials without permission

• Limited use of copyrighted materials without having to ask for permission

What are "Fair Use Guidelines"?

• Guidelines on how to create derivative works

• Guidelines on how to use copyrighted materials without permission

• Rules for how to use copyrighted materials under fair use

• Rules for registering a trademark