ENTP 3301 Final Exam Kimzey Questions With
Correct Answers
What |is |the |difference |between |a |patent |and |a |trade |secret? |- |CORRECT |ANSWER✔✔-Patents |
exclude |others |from |selling |or |making |your |invention, |but |trade |secrets |protect |from |
misappropriation.
Patent: |Disclosed |and |you |have |to |file |it
Trade |Secret: |You |don't |have |to |file |it, |under |protection |as |long |as |it's |held |secret.
Both: |Protected |by |law
Length |of |time |for |a |trademark? |- |CORRECT |ANSWER✔✔-Until |it |is |no |longer |used.
Length |of |time |for |a |patent? |- |CORRECT |ANSWER✔✔-20 |years |from |the |day |of |filing. |(Useful |
life |approximately |17 |years)
Length |of |time |for |a |trade |secret? |- |CORRECT |ANSWER✔✔-Forever |as |long |as |the |secret |is |
kept?
Duration |of |a |copyright? |- |CORRECT |ANSWER✔✔-Life |of |author |plus |70 |years.
What |for |of |IP |protection |do |you |need |for |music? |- |CORRECT |ANSWER✔✔-Copyright
Who |owns |IP? |- |CORRECT |ANSWER✔✔-either |owned |by |the |inventor |or |the |company |he/she |
works |for
, establishes |metrics, |make |adjustments |in |the |process, |CVP |(customer |value |proposition |most |
important |in |the |business |plan |- |CORRECT |ANSWER✔✔-Business |plans
lets |you |know |if |there |is |a |need |and |if |you |can |provide |it |while |making |a |profit |- |CORRECT |
ANSWER✔✔-Feasibility |Study
Value |of |Planning |- |CORRECT |ANSWER✔✔-gets |everyone |involved |(participation)
Cash |Conversion |Cycle/Cash |Flow |- |CORRECT |ANSWER✔✔-CCC= |Days |inventory |outstanding |+ |
Days |Sales |Outstanding |- |Days |Payables |outstanding. |What |is |important |to |a |startup? |Cashflow
Processes |that |build |culture |- |CORRECT |ANSWER✔✔-shared |brainstorming, |enhance/empower
|communication
Core |values |that |influence |culture |(examples) |- |CORRECT |ANSWER✔✔-constructive |
confrontation |(criticism) |in |a |professional |way. |Encourage |participative |management, |
communication, |trust
Team |dysfunctions |- |CORRECT |ANSWER✔✔-Absence |of |trust
Fear |of |conflict
Lack |of |commitment: |am |I |committed |to |getting |my |task |done?
Avoidance |of |Accountability
Inattention |to |results
Correct Answers
What |is |the |difference |between |a |patent |and |a |trade |secret? |- |CORRECT |ANSWER✔✔-Patents |
exclude |others |from |selling |or |making |your |invention, |but |trade |secrets |protect |from |
misappropriation.
Patent: |Disclosed |and |you |have |to |file |it
Trade |Secret: |You |don't |have |to |file |it, |under |protection |as |long |as |it's |held |secret.
Both: |Protected |by |law
Length |of |time |for |a |trademark? |- |CORRECT |ANSWER✔✔-Until |it |is |no |longer |used.
Length |of |time |for |a |patent? |- |CORRECT |ANSWER✔✔-20 |years |from |the |day |of |filing. |(Useful |
life |approximately |17 |years)
Length |of |time |for |a |trade |secret? |- |CORRECT |ANSWER✔✔-Forever |as |long |as |the |secret |is |
kept?
Duration |of |a |copyright? |- |CORRECT |ANSWER✔✔-Life |of |author |plus |70 |years.
What |for |of |IP |protection |do |you |need |for |music? |- |CORRECT |ANSWER✔✔-Copyright
Who |owns |IP? |- |CORRECT |ANSWER✔✔-either |owned |by |the |inventor |or |the |company |he/she |
works |for
, establishes |metrics, |make |adjustments |in |the |process, |CVP |(customer |value |proposition |most |
important |in |the |business |plan |- |CORRECT |ANSWER✔✔-Business |plans
lets |you |know |if |there |is |a |need |and |if |you |can |provide |it |while |making |a |profit |- |CORRECT |
ANSWER✔✔-Feasibility |Study
Value |of |Planning |- |CORRECT |ANSWER✔✔-gets |everyone |involved |(participation)
Cash |Conversion |Cycle/Cash |Flow |- |CORRECT |ANSWER✔✔-CCC= |Days |inventory |outstanding |+ |
Days |Sales |Outstanding |- |Days |Payables |outstanding. |What |is |important |to |a |startup? |Cashflow
Processes |that |build |culture |- |CORRECT |ANSWER✔✔-shared |brainstorming, |enhance/empower
|communication
Core |values |that |influence |culture |(examples) |- |CORRECT |ANSWER✔✔-constructive |
confrontation |(criticism) |in |a |professional |way. |Encourage |participative |management, |
communication, |trust
Team |dysfunctions |- |CORRECT |ANSWER✔✔-Absence |of |trust
Fear |of |conflict
Lack |of |commitment: |am |I |committed |to |getting |my |task |done?
Avoidance |of |Accountability
Inattention |to |results
