1. An agreement between two companies granting each other the right to practice the other's Intellectual Property is called

Exclusive licence

Non-exclusive licence

Cross licence

Equitable assignment

2. Which of the following is not an economic right granted to performers, in respect of their unfixed or live performances, by the WIPO Performances and Phonograms Treaty?

Right of Broadcasting

Right of Fixation

Right of Communication to the Public

Right of Adaptation

3. Which of the following is a correct tool for transfer of Intellectual Property?

Mortgage

Bailment

Rent

None of the above

4. Which of the following represents a voluntary arrangement that may be created by an authority or governments to facilitate the legitimate use of works by granting licences and authorisations

Patent Pools

Submarine Patents

Compulsory Licence

Patent Troll

5. An arrangement under which a licensee agrees to extend to the licensor the right to use the licensee's improvements to the licensor's technology is called

Cartel

Dumping

Tying

Grant backs

6. A is a bundle of intellectual assets and captures the essence of corporate entity.

Brand

Brand identity

Brand strategy

Logo

7. Pricing strategy at the market level focuses on which of the following?

The overall economics of the industry, which takes into account supplier price changes and customer demand changes.

The competitive position of the price in comparison to the value differential of the product to that of comparative competing products.

Managing the implementation of discounts away from the reference, or list price, which occur both on and off the invoice or receipt.

Both and

8. refers to creating a visual representation of information from and about patent documents in a way that it is easy to understand.

Patent mining

Patent pooling

Patent mapping

Patent search


9. Which of the following is not a type of intellectual property audit based on purpose?

Defect Management Intellectual Property Audit

General Purpose Intellectual Property Audit

Event-Driven Intellectual Property Audit

Limited Purpose Intellectual Property Audit


10. Which of the following class of assets can be identified individually and recorded separately on a company's books of accounts?

Tangible assets

Intangible assets

Identifiable assets

Non-current assets

11. What do you understand by commercialization of Intellectual Property? Discuss its significance.

12. What is the importance of identifying core competencies in the commercialization of Intellectual Property Also, briefly elaborate on how core competencies can be developed.

13. Examine the role of due diligence in copyright transactions. Explain the steps to be taken as a part of a due diligence exercise while purchasing assets in which copyright subsists.

14. Is cross licencing and pooling anti-competitive? Explain with the help of examples.

15. Discuss the advantages and disadvantages of Cost method of valuation of IP.