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Intellectual Property Fundamentals

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Questions and Answers

What is the primary purpose of Intellectual Property Rights?

To protect only original literary works

To establish the United Nations

To restrict access to creations of the mind

To grant creators control and allow them to profit from their work (correct)

What is the duration of protection granted to inventors under patent protection?

Lifetime

10 years

20 years (correct)

30 years

What type of intellectual property protects the ornamental or aesthetic aspects of a product?

Patent

Industrial Design (correct)

Trademark

What is the name of the agency established in 1967 as a specialized agency of the United Nations?

WIPO Signup and view all the answers

What is the term for confidential business information that provides a competitive advantage?

Trade Secret Signup and view all the answers

What is the name of the law that established the Intellectual Property Office of the Philippines?

Republic Act No. 8293 Signup and view all the answers

What is the primary purpose of Intellectual Property Protection?

To protect creations of the mind, such as inventions and literary works Signup and view all the answers

What is a common challenge faced by individuals and small businesses when it comes to Intellectual Property Protection?

High Costs Signup and view all the answers

What is the primary purpose of a Business Roadmap?

To outline company structures, strategies, and goals Signup and view all the answers

What is a Production Roadmap primarily used for?

To track the progress of a product over time Signup and view all the answers

What is the primary purpose of a Marketing Plan?

To outline target markets, goals, competition, and content initiatives Signup and view all the answers

What is a Social Media Marketing Plan primarily used for?

To create a separate social media marketing plan for a company’s marketing goals Signup and view all the answers