BCOR Module 6 Exam with verified detailed ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
solutions
If STRONG IP Rights - correct answer✔✔- may raise market value of a company
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- may raise cost of innovation
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- may benefit large firms
||\\//|| ||\\//|| ||\\//|| ||\\//||
- firms with IP rights may threaten other inventors with litigation (i.e. patent trolling)
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- May result in "patent thickets" (i.e. a smartphone may be covered by 250,000 patents)
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- if protection too broad, increases likelihood of litigation
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If WEAK IP Rights - correct answer✔✔- may cause a lower value of a company
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- not give enough inventive to innovate
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- reduces incentive to invest in R&D
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- More expensive to protect innovation
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- Easier for all to see and copy work and lower cost to innovate
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Copyright - correct answer✔✔creations of literature and the arts - originality - most powerful ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
remedies
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Patent - correct answer✔✔technological inventions - novelty ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Trademarks - correct answer✔✔Features that distinguish product or service - ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
distinctiveness/quality
Trade Secret - correct answer✔✔Information not known/ascertainable by others
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
solutions
If STRONG IP Rights - correct answer✔✔- may raise market value of a company
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- may raise cost of innovation
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- may benefit large firms
||\\//|| ||\\//|| ||\\//|| ||\\//||
- firms with IP rights may threaten other inventors with litigation (i.e. patent trolling)
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- May result in "patent thickets" (i.e. a smartphone may be covered by 250,000 patents)
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- if protection too broad, increases likelihood of litigation
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
If WEAK IP Rights - correct answer✔✔- may cause a lower value of a company
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- not give enough inventive to innovate
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- reduces incentive to invest in R&D
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- More expensive to protect innovation
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- Easier for all to see and copy work and lower cost to innovate
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Copyright - correct answer✔✔creations of literature and the arts - originality - most powerful ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
remedies
||\\//||
Patent - correct answer✔✔technological inventions - novelty ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Trademarks - correct answer✔✔Features that distinguish product or service - ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
distinctiveness/quality
Trade Secret - correct answer✔✔Information not known/ascertainable by others
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
