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ARM 402 Exam 2025 | Key Risk Management Concepts, Comprehensive Study Guide, Practice Questions, and Exam Preparation Strategies

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ARM 402 Exam 2025 | Key Risk Management Concepts, Comprehensive Study Guide, Practice Questions, and Exam Preparation Strategies

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ARM 402 Exam Tested and Proven Exam
Strategies From Renowned Educators
Worldwide
Betty has invented a new device that reduces the time it takes to backup computer data by

90 percent. She believes this will be of interest to several major computer and data

manufacturers. Betty should protect her invention with a A. Servicemark. B. Copyright.

C. Trademark.

D. Patent. - -correct ans- -D



The duration of a patent right varies depending on the type of patent. Which one of the
following patents last for 14 years from the date of issuance?

A. Design patent

B. Plant patent

C. Process patent

D. Utility patent - -correct ans- -A



Brooks Irrigation Services has designed plans for a new lawn sprinkler system. In order to
safeguard their document and control infringement exposures, they have placed the
notation © 2012 Brooks Irrigation Services on their published plans. This is known as a
copyright

A. Restrictive covenant.

B. Laches.

C. Registration.

D. Notice. - -correct ans- -D



Copyrights are generally owned by the person (author) who created the work, except when
the work

A. Has not been registered with the U.S. Copyright Office.

,B. Was jointly prepared by two or more authors.

C. Was created in a reproducible medium such as video or audio tape.

D. Was created in the course of the author's employment. - -correct ans- -D



The product of human intelligence that has economic value defines A.

Trade secret.

B. Infringement.

C. Copyright.

D. Intellectual property. - -correct ans- -D



Which one of the following criteria must a creative work meet to be eligible for copyright
protection?

A. The work must be created in the course of the individual's employment.

B. The work must be created on commission.

C. The work must not be reproducible.

D. The work must be original. - -correct ans- -D



Which one of the following is a risk control measure that can be applied to copyright
infringement?

A. Unrestrictive covenants

B. Duplication

C. Registration

D. Insurance - -correct ans- -C



Hadley Computer Manufacturing is being sued by another computer manufacturer because
Hadley's logo is written in such a way that it confuses consumers regarding which
manufacturer is the creator of the product. This is an example of an infringement of A.

,Patent.

B. Servicemark.

C. Trademark.

D. Copyright. - -correct ans- -C



The way that an organization differentiates its services from its competitors services is a

A. Trade dress.

B. Trademark.

C. Descriptive mark.

D. Servicemark. - -correct ans- -D



Since there is no formal process for creating a trade secret, the risk control measures

associated with trade secret loss control focus on maintaining A. Disclosure. B.

Secrecy.

C. Legality.

D. Accountability. - -correct ans- -B



A trademark that has been entered on the U.S. Patent and Trademark Office (USPTO)
Principal Register is automatically protected A.

For 25 years.

B. For 10 years.

C. For 5 years.

D. Indefinitely. - -correct ans- -B



The determination that an invention is actually a trade secret is A.

Often made by the courts.

, B. Authenticated by the length of time the invention has been in use.

C. Confirmed by a search of the trade secret registry.

D. Established by customs and traditions of the trade for which the invention is used. - -



correct ans- -A



An organization wants to create a trademark for its line of products. Which one of the
following risk control measures for trademarks should the organization use to avoid the
possibility of infringing on someone else's trademark?

A. Searches and watches

B. Restrictive covenants

C. Registration

D. Notice - -correct ans- -A



Which one of the following statements is true regarding a trade secret? A.

A trade secret has a limited life span.

B. A trade secret is created with a formal application.

C. A trade secret in force for 10 years automatically receives a patent.

D. A trade secret remains in force for as long as the secret can be maintained. - -correct ans-
D



A practice or method used confidentially by an organization to gain a competitive advantage
is

A. A trademark.

B. A trade secret.

C. A patent.

D. Goodwill. - -correct ans- -B

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