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Les305 Koretz Exam 1 Comprehensive Study Guide 2026

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This study resource prepares learners for LES 305 Exam 1 by reviewing foundational legal principles and business ethics. Topics include the purposes and sources of law, common law, criminal and civil law, court systems, jurisdiction, legal procedures, ethical theories, ethical decision-making, corporate social responsibility, and stakeholder interests. It reinforces key definitions, legal concepts, and ethical frameworks through exam-focused questions and answers.

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LES 305 ASU Koretz - Final Exam


Question 1.
1988 amendment to federal copyright laws that includes use of computer technology to copy music and other copyrighted materials
as infringement.

ANSWER
Digital Millennium Copyright Act (DMCA)



Question 2.
Federal law that protects trademarks and trade names.

ANSWER
Lanham Act of 1946



Question 3.
The overall look, feel, color, and decorative design of a business.

ANSWER
Trade Dress



Question 4.
Organization that registers domain names for purposes of protection of those names and intellectual property.

ANSWER
Internet Corporation for Assigned Names and Numbers (ICANN)



Question 5.
Process of registering sites and domain names that are deceptively or confusingly similar to existing names, trade names, and
trademarks.

ANSWER
Cybersquatting



Question 6.
Unfair trade practice of passing off mock goods as the goods of another.

ANSWER
Palming Off



Question 7.
Provides copyright pro-tection for software.

ANSWER
Computer Software Copyright Act of 1980






, Question 8.
Written defamation of a business.

ANSWER
Trade Libel



Question 9.
Defamation of a business, its trademark or its products.

ANSWER
Disparagement



Question 10.
A distinctive symbol on goods that identifies the manufacturer.

ANSWER
Trademark



Question 11.
One of the exceptions to copyright protection; permits limited use of copyright material.

ANSWER
Fair Use



Question 12.
In international law, 1891 multilateral treaty for protection of trademarks that permits registration and protection through a centralized
registrar in Geneva.

ANSWER
Madrid Agreement



Question 13.
Goods manufactured by someone other than the trademark or trade name holder without authorization and not according to the
standards of the owner.

ANSWER
Knock-Off Goods



Question 14.
Exclusive ownership rights given to by the federal government to inventors of unique, nonobvious processes, products, or services.

ANSWER
Patent






, Question 15.
Market in which trade name goods are sold through unauthorized dealers or without authorization from the owner of the trade name.

ANSWER
Gray Market



Question 16.
In non-U.S countries, the patent process that allows third parties to appear and object to a patent application.

ANSWER
Opposition Proceedings



Question 17.
Federal law that permits trademark owners to file lawsuits to prevent others from impairing the mark's distinctiveness.

ANSWER
Federal Trademark Dilution Act



Question 18.
Intentional tort of using others' trade secrets.

ANSWER
Misappropriation



Question 19.
Name of a firm or product; entitled to federal protection for exclusive use.

ANSWER
Trade Name



Question 20.
Exclusive ownership rights given to by the federal government to creators of books, music, and other creative works.

ANSWER
Copyright



Question 21.
The federal law governing secondary sales of securities, the markets, and the firms dealing with securities.

ANSWER
Securities Exchange Act of 1934



Question 22.
Annual report filed with the SEC; required of all 1934 Act firms.

ANSWER
10-K Form

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