1) A company's ability to protect its intellectual property primarily affects: a) The number of employees it can hire b) Its profitability and competitive advantage 2) Which type of intellectual property protection would be most appropriate for a new invention that improves how smartphones charge wirelessly? a) Copyright b) Trademark c) Patent 3) If a musician wants to legally use a 10-second sample from another artist's song in their new track, they must: a) Only use it if the original song is over 20 years old b) Obtain sampling clearance from the copyright owner 4) Why might a company choose to keep information as a trade secret rather than filing for a patent? a) Trade secrets can be protected indefinitely if kept secret b) Patents only last 10 years 5) Which scenario best demonstrates trademark infringement? a) Using a logo very similar to a competitor's in the same industry b) A company copying another's patented technology 6) What is the most likely reason why companies like Coca-Cola and KFC keep their recipes as trade secrets rather than patenting them? a) Trade secrets can last forever while patents expire after 20 years b) Patents are too expensive for food companies 7) Define Trademark a) protection for a company name, logo, or slogan b) protection for creative work like a musical c) protection for an invention d) information that a company keeps private to give them a competitive advantage 8) Define Patent a) protection for a company name, logo, or slogan b) protection for creative work like a musical c) protection for an invention d) information that a company keeps private to give them a competitive advantage 9) Define Copyright a) protection for a company name, logo, or slogan b) protection for creative work like a musical c) protection for an invention d) information that a company keeps private to give them a competitive advantage 10) Define Trade Secrets a) protection for a company name, logo, or slogan b) protection for creative work like a musical c) protection for an invention d) information that a company keeps private to give them a competitive advantage

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