DECA Entrepreneurship PI correctly
answered already passed
Describe methods used to protect intellectual property - correct answer
✔✔Intellectual property is a proprietary work/invention of an owner. Owners of
IP file through the U.S. Patent and Trademark Office to protect proprietorship of
their work. When challenged in court, owners of IP must defend the validity of
their ownership.
U.S. Patent and Trademark Office Legal Documents:
Patent - government license giving right to exclude others from making, using, or
selling an invention (for a limited time)
Trademark - symbol or word(s) legally registered as representing a company or
product
Copyright - exclusive right to print, publish, film, and perform media (and
authorize others to do the same)
Describe legal issues affecting businesses - correct answer ✔✔Disgruntled
Employees, Discrimination/Harassment Cases, Immigration Audits, Copyright and
Patent Issues, Dissatisfied Customers, etc.
Identify the basic torts relating to business enterprises. - correct answer ✔✔Torts
are civil wrongs by or against a business causing harm to its assets - both tangible
and intangible.
Components:
Duty - defendant's obligation of action
Breach of Duty - defendant's transgression of duty
, Causation - reason for injury caused by defendant
Injury - damages to plaintiff
Types:
Negligence - unlawful and unintentional
Intentional Tort - unlawful and intentional
Strict Liability - lawful, but resulted in injury
Describe the nature of legally binding contracts - correct answer ✔✔Both parties
agree to the terms of a written or spoken contract, or face legal consequences.
Explain the nature of human resources regulations - correct answer ✔✔to provide
a safeguard for employees so they are getting rights and the treatment they
deserve
Explain the nature of workplace regulations - correct answer ✔✔to provide
consistency in structure and guidelines of a company, and to make sure that each
employee is protected , and the companyis protected against lawsuits
**Explain types of business ownership. - correct answer ✔✔Sole Proprietorship-
One individual operating the business alone
General Partnership-Composed of two or more people who operate business by
sharing expenses and profits
Limited Partnership-One or two general partners with one or more limited
partners
Limited Liability Partnership-When one partner does not have liability for the
other partner
answered already passed
Describe methods used to protect intellectual property - correct answer
✔✔Intellectual property is a proprietary work/invention of an owner. Owners of
IP file through the U.S. Patent and Trademark Office to protect proprietorship of
their work. When challenged in court, owners of IP must defend the validity of
their ownership.
U.S. Patent and Trademark Office Legal Documents:
Patent - government license giving right to exclude others from making, using, or
selling an invention (for a limited time)
Trademark - symbol or word(s) legally registered as representing a company or
product
Copyright - exclusive right to print, publish, film, and perform media (and
authorize others to do the same)
Describe legal issues affecting businesses - correct answer ✔✔Disgruntled
Employees, Discrimination/Harassment Cases, Immigration Audits, Copyright and
Patent Issues, Dissatisfied Customers, etc.
Identify the basic torts relating to business enterprises. - correct answer ✔✔Torts
are civil wrongs by or against a business causing harm to its assets - both tangible
and intangible.
Components:
Duty - defendant's obligation of action
Breach of Duty - defendant's transgression of duty
, Causation - reason for injury caused by defendant
Injury - damages to plaintiff
Types:
Negligence - unlawful and unintentional
Intentional Tort - unlawful and intentional
Strict Liability - lawful, but resulted in injury
Describe the nature of legally binding contracts - correct answer ✔✔Both parties
agree to the terms of a written or spoken contract, or face legal consequences.
Explain the nature of human resources regulations - correct answer ✔✔to provide
a safeguard for employees so they are getting rights and the treatment they
deserve
Explain the nature of workplace regulations - correct answer ✔✔to provide
consistency in structure and guidelines of a company, and to make sure that each
employee is protected , and the companyis protected against lawsuits
**Explain types of business ownership. - correct answer ✔✔Sole Proprietorship-
One individual operating the business alone
General Partnership-Composed of two or more people who operate business by
sharing expenses and profits
Limited Partnership-One or two general partners with one or more limited
partners
Limited Liability Partnership-When one partner does not have liability for the
other partner
