Premium Essay

The Case of the Mexican Crazy Quilt

In: Business and Management

Submitted By gmillington
Words 2414
Pages 10
1.
Which of the following is suitable for copyrighting?
A) buildings
B) business methods
C) musical compositions
D) product logos
E) The NIKE sign Points Earned: | 0.0/2.0 | | Correct Answer(s): | C |

2.
Utility patents for inventions are valid for 20 years.
A) True
B) False Points Earned: | 2.0/2.0 | | Correct Answer(s): | True |

3.
A ________ is a patent that protects the functionality of a patent.
A) utility patent
B) method patent
C) design patent
D) process patent
E) Shark Tank Patent Points Earned: | 0.0/2.0 | | Correct Answer(s): | A |

4.
A competitor can lawfully discover a trade secret by performing reverse engineering
A) True
B) False Points Earned: | 0.0/2.0 | | Correct Answer(s): | True |

5.
A patent in the public domain can be purchased by a non-patent holder
A) True
B) False Points Earned: | 2.0/2.0 | | Correct Answer(s): | False |

6.
) A ________ is a product formula, pattern, design, compilation of data, customer list, or other covert business information
A) copyright
B) trade secret
C) trademark
D) patent
E) All of the above Points Earned: | 0.0/2.0 | | Correct Answer(s): | B |

7.
What federal statute was enacted by the Congress to protect trade secrets?
A) Sarbanes-Oxley Act
B) Lanham Act
C) Telecommunication Act
D) Economic Espionage Act
E) None of the above Points Earned: | 0.0/2.0 | | Correct Answer(s): | D |

8.
According to the public use doctrine for patents, ________.
A) the inventor has to test his invention in the public domain, to measure its validity, before being granted a patent
B) an invention cannot be used in the public domain prior to it being granted a patent
C) a patent will not be granted if the invention was already in public use for one year before filing application
D) the invention will come into the public domainin 6 months
E) the…...

Similar Documents

Premium Essay

Crazy Quilt

...was no assurance of having back the same position in the company to the project team members whom were part of the institution already if ever the Operation Mexicano Project is done.Objectives: * To have an alternative solution of giving the former project team members another job which is not contractual.Alternative Courses of Action (ACA):i. Offer a position under the newly finished project which is compatible with the job description and expertise of the workers.Advantage:* The project team members who were unfortunate enough to keep their job will be able to start anew.Disadvantage:* There is no assurance of getting the same position that they had in their previous work at Linderman Industries for a reason that there are already some Mexican employees being assigned to certain jobs in the company.ii. Offer a monetary incentive provided that it will be a foundation for them to make their own business or look for another job.Advantage:* They will have an additional capital to begin aDisadvantage:* Additional cost for the company to incur.iii. Recommend them to other business firms.Advantage:* The company will be able to lessen the no. of excess employees.Disadvantage:* Not all of them will be able to have a job if ever there is a lack of establishments which hire competitive workers.Recommendation:* The group would like to recommend the first ACA (alternative course of action) wherein the company would take action of offering a position under the newly finished project......

Words: 294 - Pages: 2

Premium Essay

The Case of the Mexican Crazy Quilt

...Marketing Activities List There are a huge spectrum of topics that fall under the term marketing. There is an equally large list of marketing activities that can be performed by entrepreneurs, marketing managers and media planners on a regular basis. It is important to categorize and schedule various marketing activities within a business to be certain your message gets out the way you want it to be heard. There are three basic categories of marketing activities that you can put on your to-do list. Ongoing * There are certain marketing activities that must be performed on a daily, monthly or yearly basis over and over again. Activities such as advertising, direct mail, article writing, blog posts, online marketing and market research all fall under the ongoing marketing activity category. Ongoing advertising refers to placing ads in magazines, newspapers, on radio, television or billboards. One-time * Some marketing activities will only need to be used on an as-needed basis. Often, this means you will only delve into the activity once. Examples of a one-time marketing activity are new product creation and implementation, starting a referral program, writing a book, creating a new website, a seminar, webinar or other one-time promotion. Idea Generation * Idea generation marketing activities are those which precipitate new ideas and concepts that can be used in your business. These include brainstorming by yourself or with team members, initiating joint......

Words: 263 - Pages: 2

Free Essay

Mexican Healthcare Case Study

...Mexico has made great strides in trying to provide healthcare for its 115 plus million citizens. Healthcare in Mexico comes in three different and distinct varieties. There are the government-run institutions that provide limited health-care benefits administered by the Ministry of Health at very long wait times. There is the upper-echelon private sector, which represents a very small percentage of Mexicans and is comprised of individuals whose health-care funding is met through private insurance carriers at a price most Mexicans cannot afford. Then there are the emerging low cost private sector healthcare providers such as Primedic, whom provide access to select healthcare services via membership plans at a very reasonable price. While these three different systems tackle Mexico’s healthcare needs in various ways, Primedic and the emerging “entrepreneurial niche sector” is a perfect example of how entrepreneurs can play a significant role in improving and reshaping the healthcare system Mexico. Entrepreneurship simply by its nature tends to solve/create a solution to a need/concern that hasn’t already been met. With the current structure of Mexico’s healthcare system, many gaps in coverage and services provided exist. Primedic and other entrepreneurial oriented private healthcare companies have capitalized on these gaps and along with the growing demand of consumer-driven health care across Mexico. These companies provided needed services and provide opportunities for......

Words: 439 - Pages: 2

Premium Essay

Jose's Authentic Mexican Restaurant Case Study

...Jose’s Authentic Mexican Restaurant Case Study 1. How should quality be defined in this restaurant? Quality at this restaurant (like any other) should be defined by the quality of food, customer service and making sure the customer leaves thinking he got his money’s worth from the food he was served. Since Jose’s is located in a business district, getting higher tips should not be very hard if the food and customer service is top notch. Like all business professionals, time is of the essence and one of the most important factors that will stand out for Jose’s in terms of quality would be the speed at which the food is served. Excellent food and a friendly wait staff can only enhance the quality and reputation of the restaurant further. 2. What are the restaurants costs of process failures? The restaurants costs of process failures include bad reviews and loss of repeat customers. In a business district just outside a large metropolitan area, like where Jose’s is located, word of mouth spreads fast and if there are frequent grumblings around the quality of food and customer service, then it will ultimately lead to a decline in the bottom line of the restaurant. With the advent in technology, with apps like Yelp, Facebook and other social media apps, negative experiences and reviews are spread much faster than positive ones. The costs of process failure at a place like Jose’s could prove to be fatal, if correctional steps are not taken immediately. 3. Use...

Words: 538 - Pages: 3

Premium Essay

The Case of the Mexican Crazy Quilt

...ANALIE M. PURA December 21,2013 MBA II Strategic Management of Change Saturday 7:30-10:30 am Article I. Macdonald’s: A Leader at Vertical Integration Summary: Macdonald is an international food chain. In the year 1990 it has experience a decrease of sales. Because Macdonald has problems getting local bakeries to produce the hamburger bun. After experiencing quality problems with two local bakeries. Mcdonalds builts its own bakeries. When Mcdonald decided to operate in Russia, it found that local suppliers lacked thecapability to produce ingredients of the quality it demanded. The firm was forced to vertically integrate through the local food industry on a heroic scale,importing tomatoe seeds and bull semen and indirectly managing dairy farms,cattle ranches and vegetable plots. I t also had to construct the world largest food processing plant at a huge cost.,in South America. Mcdonalds also bought huge ranches in Argentina to raise its own cattle. As a result today, Mcdonald’s is able to use vertical integration to protect product quality and reduce its global cost structure. Review: Madonald is a global food chain. The firm experience decrease in sales. So they determine the problem and solve it with strategic planning by Vertical Integration. Vertical integration is a company is entering new industries to support the......

Words: 764 - Pages: 4

Free Essay

Mexican Peso Case Study

...1. Take a look at Mexico’s balance of payments over the past few years. Use the schedule I have attached to the case – it is in the same format as we used to examine the U.S. balance of payments. What do the trade and current account balances suggest about the likelihood of a potential devaluation of the peso? Why? a. It suggests that because Mexico is importing twice as much as they are exporting that there is a strong chance that the peso will lose value to counter the constant increase in imports. It is also important to point out that the exports in 1974 and 1975 are practically the same. The current account balance is negative 4 billion U.S. dollars which is 4 times larger than it was in 1972. All this leads me to believe that the peso needs to be devalued in order to raise the amount Mexico exports. 2. What does the private capital account suggest about the need for a devaluation of the peso? Why? a. The private capital account is a positive 3 billion which indicates that there are a lot more imports than exports suggesting that Mexico is either borrowing a larger portion of money or selling some of its assets. Consequently there is a need for the devaluation of the peso. 3. What does the private transactions balance suggest about the valuation of the peso and whether a very large devaluation was imminent? Why? a. By looking at the private transactions balance it suggest that there was not a dire need for a very large devaluation......

Words: 1014 - Pages: 5

Premium Essay

Mexican Crazy Quilt

...Mexican Crazy Quilt Upon opening the subsidiary in Mexico, Linderman Industries was faced with several issues in getting the operations up and running to hand over to Mexican managers. The project manager, Carl Conway, encountered several challenges in his quest to complete the project successfully. Problems included, finding the correct employees for the various key positions, getting the cooperation and support of other divisional managers and having positions at the home location for returning employees who accepted the Mexican assignment. According to Stevenson, there are several decisions that management must make in order for a project to be successful. These decisions include, “selecting a project team (Stevenson, 2012, p. 744).” Conway faced a few setbacks in building his team. He intended to hire Emil Banowetz and Bert Mill, but was unsuccessful. Strong measures were used to secure Bob Cates to join the team. As Kathleen Melymuka, a writer for Computerworld, pointed out, “it takes the right mix of "soft" skills, personalities and attitudes to gel and achieve results (Melymuka, 2014).” Conway faced lots of resistance from several of the divisional managers. For example, the vice president of engineering refused to support his employees move to the project team. Another example is the vice president of manufacturing refusal to use a metric measurement scale in production. The personnel director had to intervene to resolve a situation between the......

Words: 615 - Pages: 3

Premium Essay

Mexican Crazy Quilt

...Week 4 Mini Case Analysis: The Case of the Mexican Crazy Quilt Molly Thorvilson Operations Management 201410-MGT-713-W4B University of St. Mary 11/16/14 Linderman Industries implemented a project organization strategy in an attempt to kick-start a Mexican subsidiary. While it may have been a difficult situation, Project Mexicano ended up being successful. Projects are composed of a unique set of activities established to realize a given set of objectives in a limited time span. (Stevenson 774) Projects go through a life cycle that involves definition, planning, execution, and delivery and termination. (Stevenson 774) All of these steps were made and achieved in the case of Linderman Industries. Project organization worked in this case. That being said, there are other strategies to achieve a similar goal, and Linderman Industries could have had an even more positive outcome if it had explored other strategies before going ahead with project organization the way it did. Just one of the problems with Linderman Industries’ project organization strategy was that there was no assurance that those who took on new roles in Mexico City would have their same position when the operation ended. These team members were existing employees of the organization that were offered new opportunities that had virtually no promise after two years. Furthermore, the workers may end up working for two bosses who impose differing demands, it may disrupt friendships and daily routines,...

Words: 652 - Pages: 3

Premium Essay

Case Question the Mexican Peso

...MEXICAN PESO 1. Take a look at Mexico’s balance of payments over the past few years. Use the schedule I have attached – it is in the same format as we used to examine the U.S. balance of payments. What do the trade and current account balances suggest about the likelihood of a potential devaluation of the peso? Why? 2. What does the private capital account suggest about the need for a devaluation of the peso? Why? 3. What does the private transactions balance suggest about the valuation of the peso and whether a very large devaluation was imminent? Why? 4. Take a look at Exhibit 5 in the case – Mexico’s international reserves. What has happened to Mexico’s total foreign exchange reserves since 1970? How would you interpret this trend in terms of evaluating the strength or weakness of the peso in the foreign exchange market? Would you conclude that the peso was likely to be substantially devalued from this data? Why? 5. Take a look at Exhibit 7 and the forward discounts on the peso versus the dollar. On June 18, what did the market think the peso was likely to do over the next three months? On August 27, what did the market think the peso was likely to do versus the dollar over the next three months? Between June and August, what was the market saying about the magnitude and/or probability of a devaluation of the peso over the next three months? 6. Look at the commercial bank lending rates to prime borrowers in Exhibit 8. Based on......

Words: 613 - Pages: 3

Premium Essay

Case 06-7: Crazy Computers

...Case 06-7: Crazy Computers Page 1 PROFESSOR’S DISCUSSION MATERIALS Objectives of the Case This case gives students an opportunity to evaluate revenue recognition issues regarding extended warranty contracts. Applicable Professional Pronouncements ASC 605-20, Revenue Recognition: Services (ASC 605-20) (FASB Technical Bulletin No. 90-1, Accounting for Separately Priced Extended Warranty and Product Maintenance Contracts (Technical Bulletin 90-1)) ASC 944, Financial Service — Insurance (ASC 944) (FASB Statement No. 113, Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts (Statement 113)) FASB Concepts Statement No. 5, Recognition and Measurement in Financial Statements of Business Enterprises (Concepts Statement 5) SEC Division of Corporation Finance, Frequently Requested Accounting and Financial Reporting Interpretations and Guidance, Part I(J), Accounting for Extended Warranty Plans (SEC Financial Reporting Interpretations and Guidance) Discussion ASC 605-20 specifies the accounting for separately priced extended warranty contracts. ASC 605-20 provides the following definitions for “Extended Warranty,” “Product Maintenance Contracts,” and “Separately Priced Contracts”: Extended Warranty An agreement to provide warranty protection in addition to the scope of coverage of the manufacturer’s original warranty, if any, or to extend the period of coverage provided by the manufacturer’s original warranty. Product Maintenance Contracts An......

Words: 1817 - Pages: 8

Premium Essay

The Mexican Crazy Quilt

...SLACK IX CASE STUDY: Mexican Crazy Quilt THE CASE OF THE MEXICAN CRAZY QUILT I. Introduction The term "crazy quilting" is often used to refer to the textile art of crazy patchwork and is sometimes used interchangeably with that term. Crazy quilting does not actually refer to a specific kind of quilting (the needlework which binds two or more layers of fabric together), but a specific kind of patchwork. Crazy quilts rarely have the internal layer of batting that is part of what defines quilting as a textile technique. Regular patchwork combines the pieces of fabric into a predetermined and regular design, but crazy patchwork uses irregular pieces of fabric on a foundation fabric or paper. This may create haphazard-looking and asymmetrical designs, or the designer may use some control in placement. Patches can be hand appliquéd onto a base fabric. This method gives the most variety as every patch is unique. There are also block patterns designed for crazy quilt that can be sewn by machine. Sometimes part of a crazy quilt is haphazard while other parts are placed in a planned pattern. A common example of this the placement of patches is a fan pattern. The patches and seams are then usually heavily embellished. II. Facts of the Case 1. Carl Conway was hired as Project Manager by Robert Linderman, President of Linderman Industries, Inc. to handle the “Operation Mexicano” project for a Mexican subsidiary company before take-over by Mexican Managers.......

Words: 1742 - Pages: 7

Free Essay

3r Mexican Case of Internationalitation

...administrative and contact information. Business name (company, corporation, etc.) * Triferrari Business type (sole proprietor, private company, trust, public company, etc.) * General Partnership Country where it is registered and headquartered. * Mexico Telephone number. * (52) 444-244-5081 Email. * online@triferrari.com Postal address. * Cuauhtémoc 1250, San Luis Potosí, México CP. 78270 Maps showing location. b. Introduction and strategy. Company history (2 paragraphs). * We are a company that believes in the extraordinary skills and creativity of Mexicans to innovate and develop unique products, with sustainable production systems supporting socially disadvantaged communities by creating quality jobs skills. 3f incorporates the knowledge of Mexican artisans developed over centuries in products with the best technology and quality. What the company does (2 paragraphs about what it does, their brands/products, and which market sectors it 
services). * 3f is a company developed by young athletes who were bored to train with the same costumes ever. That´s why in 3f we develop products that offers technology, comfort, design, customization and quality; that mean that in 3f you benefit from our disruptive designs and the best technology. You can also customize your team with our amazing designs. Vision statement (what a company wants to be, inspirational, timeless).......

Words: 950 - Pages: 4

Premium Essay

Mexican Quilt

...Was Linderman Industries' adoption of project organization an appropriate one for getting the Mexican subsidiary started? Adopting the project organization for getting the Mexican subsidiary started was an appropriate measure by Linderman Industries. Notably, starting up a new subsidiary is an exercise that would require considerable planning, preparation and strategizing so as to ensure that the activities would run smoothly once it was in operation (Kerzner, 2009). The kind of effort required in making this a reality is time consuming and employees within the organization may not be able to handle the project while performing their other normal duties. Consequently, there is bound to be high levels of inefficiency and poor organization. The project organization, in turn, ensures that the persons involved only concentrate on the project such that it is likely to be successful. Project organizations prove appropriate for vital projects due to the factors discussed below. Project management allows for fuller utilization of employees. Conway and Delgado should have agreed on priorities in order for the project to be effective. Both must be willing to negotiate for resources. However, when both maintain a high degree of authority; it becomes difficult for the project manager to do what is best for the project. Decision-making in a matrix organization alone is a difficult process. When working on transitioning, it becomes difficult for the employees to do what is right when......

Words: 1699 - Pages: 7

Premium Essay

Case 1.8 Crazy Eddie

...Crazy Eddie, Inc. Question 1 Key ratios and other financial measures: |Pro Forma Balance Sheet Ratio |1984 |1985 |1986 |1987 | | |Account Receivable |7.12% |4.18% |1.77% |3.68% | | |Merchandise Inventories |63.83% |40.51% |47.16% |36.99% | | |Account Payable |54.98% |35.22% |40.74% |16.96% | | |Accrued Expenses |16.62% |13.33% |13.49% |1.90% | | | | | | | | |Pro Forma Income Statement Ratio |1984 |1985 |1986 |1987 | | |Cost of Good Sold |77.89% |75.87% |74.11% |77.23% | | | | | | | | | |Liquidity & Activity Ratios |1984 |1985 |1986 |1987 | | |Current |0.93 |1.56 |1.40 |2.41 | ...

Words: 1074 - Pages: 5

Premium Essay

Case Study- Crazy Eddie

...Case Study: CRAZY EDDIE 1-6 1. Key Ratios: 1987, 1986, 1985, 1984 Liquidity Ratios: Current Ratio: 2.4062, 1.3985, 1.5626, 0.9287 Quick Ratio: 1.4044, 0.5982, 0.7680, 0.1499 Solvency Ratios: Debt to Assets Ratio 0.6837 0.6643 0.6359 0.8298 Times Interest Earned 3.6169 30.3927 28.2877 14.9253 Long-Term Debt to Equity 2.1617 1.9786 1.7462 4.8755 Activity Ratios: Accounts Receivable Turnover 32.5026, 116.7711 49.7515, 52.7208 Inventory Turnover Ratio: 4.98, 3.55, 1.89, 1.95 Looking at the key ratios during that period there were a lot of red flags. The audit risk for Crazy Eddie would be very high. Some of the major red flags were inventory turnover in 4 years went from 4.98 to 1.95. That shows that some of the accounting was incorrect. Some of the other red flags are the amount of accounts receivable. 2. a. Visit the actual store without telling them and check the inventory in place to compare with the false amounts on the inventory count sheets. b. Contact different vendors, creditors and supplies to verify they received payment from Crazy Eddie. Also confirm with the banks and creditors about the notes payable account then trace that information to the general ledger. c. Observe the recorded sales from authorized shipping and approve the customer orders and monthly statements to customers. You have to also make sure there is a separation of duties between handling the cash and reconciling the bank accounts. Therefore the same person is not doing......

Words: 647 - Pages: 3