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Exam 21 :test Planning Table for Bonus Exam A

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Question 131

Multiple Choice

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The Pillsbury Doughboy is an example of a:

A) patent.
B) copyright.
C) trademark.
D) contract.

E) A) and C)
F) All of the above

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Question 132

True/False

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A trademark gives exclusive legal protection to a name,symbol,or design that distinguishes the goods or services of one seller from those of competitors.

A) True
B) False

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Question 133

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Tort law involves criminal acts where victims can be awarded compensation.

Business law refers to a body of regulations that,when enforced,provides a framework within which business may be conducted.

Mary Ann owns a rare Monet painting and she has agreed to a contract whereby she will sell it to the Museum of Art for $5.3 million.At the last minute she decides she cannot bear to part with her painting and will not sell it to the Museum.The Museum can sue Mary Ann for specific performance.

Which of the following prohibits monopolies,attempts to monopolize,and any restraint of trade?

The Robinson-Patman Act prohibits price discrimination in all transactions except business-to-business transactions.

Big Buxx National Bank has decided to change its advertising campaign.In the new campaign it will announce that the bank has the lowest bank fees in the country even though it has not done research to discover whether this is,in fact,true.Business law is the framework within which a competitor could take Big Buxx to court in the event its claims are not true.

Consumerism is a social movement that seeks to increase and to strengthen the rights and powers of buyers in relation to sellers.

As it turns out,Brian and Sondra's good fortune with the restaurant has caused their competitors to lose business.In fact,Cajun Cookin' has been so successful that two other nearby restaurants are in danger of going out of business.Brian and Sondra have:

Decisions made by judges in previous cases are an important part of common law.

It appears that some regulation of business is necessary to ensure fair and honest dealings with the public.

The warranty you receive in the box with a DVD player is an implied warranty.

A copyright protects an individual's ownership rights to materials such as books,articles,photos,and cartoons,which they created.

The Nutrition Labeling and Education Act of 1990 requires truthful and uniform nutritional labeling on all food the FDA regulates.

Generally a warranty is an important part of a product.