LES 305 ASU Koretz - Final Exam
questions well answered already passed
Digital Millennium Copyright Act (DMCA) - correct answer ✔✔1988 amendment to federal copyright
laws that includes use of computer technology to copy music and other copyrighted materials as
infringement.
Lanham Act of 1946 - correct answer ✔✔Federal law that protects trademarks and trade names.
Trade Dress - correct answer ✔✔The overall look, feel, color, and decorative design of a business.
Internet Corporation for Assigned Names and Numbers (ICANN) - correct answer ✔✔Organization that
registers domain names for purposes of protection of those names and intellectual property.
Cybersquatting - correct answer ✔✔Process of registering sites and domain names that are deceptively
or confusingly similar to existing names, trade names, and trademarks.
Palming Off - correct answer ✔✔Unfair trade practice of passing off mock goods as the goods of another.
Computer Software Copyright Act of 1980 - correct answer ✔✔Provides copyright protection for
software.
Trade Libel - correct answer ✔✔Written defamation of a business.
Disparagement - correct answer ✔✔Defamation of a business, its trademark or its products.
Trademark - correct answer ✔✔A distinctive symbol on goods that identifies the manufacturer.
,Fair Use - correct answer ✔✔One of the exceptions to copyright protection; permits limited use of
copyright material.
Madrid Agreement - correct answer ✔✔In international law, 1891 multilateral treaty for protection of
trademarks that permits registration and protection through a centralized registrar in Geneva.
Knock-Off Goods - correct answer ✔✔Goods manufactured by someone other than the trademark or
trade name holder without authorization and not according to the standards of the owner.
Patent - correct answer ✔✔Exclusive ownership rights given to by the federal government to inventors
of unique, nonobvious processes, products, or services.
Gray Market - correct answer ✔✔Market in which trade name goods are sold through unauthorized
dealers or without authorization from the owner of the trade name.
Opposition Proceedings - correct answer ✔✔In non-U.S countries, the patent process that allows third
parties to appear and object to a patent application.
Federal Trademark Dilution Act - correct answer ✔✔Federal law that permits trademark owners to file
lawsuits to prevent others from impairing the mark's distinctiveness.
Misappropriation - correct answer ✔✔Intentional tort of using others' trade secrets.
Trade Name - correct answer ✔✔Name of a firm or product; entitled to federal protection for exclusive
use.
Copyright - correct answer ✔✔Exclusive ownership rights given to by the federal government to creators
of books, music, and other creative works.
Securities Exchange Act of 1934 - correct answer ✔✔The federal law governing secondary sales of
securities, the markets, and the firms dealing with securities.
, 10-K Form - correct answer ✔✔Annual report filed with the SEC; required of all 1934 Act firms.
Merger - correct answer ✔✔Process of combining firms so that one firm becomes a part of the other
and only one firm's name is retained.
Insider Trading and Securities Fraud Enforcement Act of 1988 - correct answer ✔✔Act increasing the
Securities Exchange Act of 1934 penalties for insider trading.
Blue-Sky Law - correct answer ✔✔State law regulating sale of securities.
Comment/Deficiency Letter - correct answer ✔✔SEC response to registration filing; requires additional
information or clarification on proposed offering.
Williams Act - correct answer ✔✔Federal law governing the tender offer process.
Insider - correct answer ✔✔A corporate officer or director or other executive with access to corporate
information that is not available to the public.
Tippee - correct answer ✔✔Party who receives inside information about a corporation or its securities
and uses the information to trade securities.
Consolidation - correct answer ✔✔A form of merger in which two firms unite and become known by a
new name.
10-Q Form - correct answer ✔✔Quarterly report filed with the SEC; required of all 1934 Act firms.
Howey Test - correct answer ✔✔Created by theU.S. Supreme Court; it defines a security as an
investment in a common enterprise that earns profits from the efforts of others.
Section 16 - correct answer ✔✔Section of the Securities Exchange Act of 1934 that regulates sales and
purchases of shares by directors, officers, and 10 percent of shareholders.
questions well answered already passed
Digital Millennium Copyright Act (DMCA) - correct answer ✔✔1988 amendment to federal copyright
laws that includes use of computer technology to copy music and other copyrighted materials as
infringement.
Lanham Act of 1946 - correct answer ✔✔Federal law that protects trademarks and trade names.
Trade Dress - correct answer ✔✔The overall look, feel, color, and decorative design of a business.
Internet Corporation for Assigned Names and Numbers (ICANN) - correct answer ✔✔Organization that
registers domain names for purposes of protection of those names and intellectual property.
Cybersquatting - correct answer ✔✔Process of registering sites and domain names that are deceptively
or confusingly similar to existing names, trade names, and trademarks.
Palming Off - correct answer ✔✔Unfair trade practice of passing off mock goods as the goods of another.
Computer Software Copyright Act of 1980 - correct answer ✔✔Provides copyright protection for
software.
Trade Libel - correct answer ✔✔Written defamation of a business.
Disparagement - correct answer ✔✔Defamation of a business, its trademark or its products.
Trademark - correct answer ✔✔A distinctive symbol on goods that identifies the manufacturer.
,Fair Use - correct answer ✔✔One of the exceptions to copyright protection; permits limited use of
copyright material.
Madrid Agreement - correct answer ✔✔In international law, 1891 multilateral treaty for protection of
trademarks that permits registration and protection through a centralized registrar in Geneva.
Knock-Off Goods - correct answer ✔✔Goods manufactured by someone other than the trademark or
trade name holder without authorization and not according to the standards of the owner.
Patent - correct answer ✔✔Exclusive ownership rights given to by the federal government to inventors
of unique, nonobvious processes, products, or services.
Gray Market - correct answer ✔✔Market in which trade name goods are sold through unauthorized
dealers or without authorization from the owner of the trade name.
Opposition Proceedings - correct answer ✔✔In non-U.S countries, the patent process that allows third
parties to appear and object to a patent application.
Federal Trademark Dilution Act - correct answer ✔✔Federal law that permits trademark owners to file
lawsuits to prevent others from impairing the mark's distinctiveness.
Misappropriation - correct answer ✔✔Intentional tort of using others' trade secrets.
Trade Name - correct answer ✔✔Name of a firm or product; entitled to federal protection for exclusive
use.
Copyright - correct answer ✔✔Exclusive ownership rights given to by the federal government to creators
of books, music, and other creative works.
Securities Exchange Act of 1934 - correct answer ✔✔The federal law governing secondary sales of
securities, the markets, and the firms dealing with securities.
, 10-K Form - correct answer ✔✔Annual report filed with the SEC; required of all 1934 Act firms.
Merger - correct answer ✔✔Process of combining firms so that one firm becomes a part of the other
and only one firm's name is retained.
Insider Trading and Securities Fraud Enforcement Act of 1988 - correct answer ✔✔Act increasing the
Securities Exchange Act of 1934 penalties for insider trading.
Blue-Sky Law - correct answer ✔✔State law regulating sale of securities.
Comment/Deficiency Letter - correct answer ✔✔SEC response to registration filing; requires additional
information or clarification on proposed offering.
Williams Act - correct answer ✔✔Federal law governing the tender offer process.
Insider - correct answer ✔✔A corporate officer or director or other executive with access to corporate
information that is not available to the public.
Tippee - correct answer ✔✔Party who receives inside information about a corporation or its securities
and uses the information to trade securities.
Consolidation - correct answer ✔✔A form of merger in which two firms unite and become known by a
new name.
10-Q Form - correct answer ✔✔Quarterly report filed with the SEC; required of all 1934 Act firms.
Howey Test - correct answer ✔✔Created by theU.S. Supreme Court; it defines a security as an
investment in a common enterprise that earns profits from the efforts of others.
Section 16 - correct answer ✔✔Section of the Securities Exchange Act of 1934 that regulates sales and
purchases of shares by directors, officers, and 10 percent of shareholders.
