Test - CLM 002 - PASSED
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Defense Acquisition University *
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Course
002
Subject
Information Systems
Date
Feb 20, 2024
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docx
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2
Uploaded by elizabethkegley
CLM 002 – Intellectual Property (IP) Valuation
Failed 89% out of 100%
Q1 of Q9:
Which of the following factors would trigger Contractor B to conduct an intellectual property valuation? Select the two alternatives that apply.
An economic recession
Plans to merge with Contractor C
Implementing a new lean manufacturing initiative throughout the company
To determine how much to charge the government for the license rights to use the intellectual property in its aerial reconnaissance system
Q2 of Q9:
What prevents the government from sharing with Contractor B the programing code to Contractor C’s wildly popular military war game?
Utility Patent
Trademark
Design Patent
Copyright
Q3 of Q9:
A new hazardous materials identification system is developed exclusively at Contractor A’s expense. Which of the following are the types of intellectual property the government may need to purchase the rights to use? Select the three alternatives that apply.
The programming code that is essential to the system’s operation
The secret formulas that Contractor A developed that enable the system to work
Detailed design drawings of the system
Training manuals and user manuals for the system
Q4 of Q9:
At which points in the Acquisition Life Cycle are intellectual property (IP) valuations most likely to be warranted? Select the two alternatives that apply.
When creating the product support strategy for sustainment
When preparing for operational test and evaluation
When planning and conducting the source selection
When preparing for the Critical Design Review (CDR)
Q5 of Q9:
Contractor B has created a submarine-hunting drone with a cutting edge detection system. DoD has asked Contractor B how much it would charge for the license rights to use the intellectual property (IP) associated with the new detection system. Contractor B has estimated the direct and indirect costs the government would incur to replace the IP, an obsolescence estimate (which is minimal for this new technology), and data on two transactions for similar detection capabilities. Which IP valuation approach
is likely to be used by Contractor B?
Cost and Market
Cost
Market
Cost and Income
Q6 of Q9:
Which commercial intellectual property (IP) valuation approach is possible only if the contractor finds similar transactions involving comparable IP assets under comparable circumstance?
Income
Market
Cost
Operational
Q7 of Q9:
Which of the following are Contractor A’s intellectual property? Select the two alternatives that apply.
The secret manufacturing process used to create Contractor A’s state-of-the-art night vision technology
The facilities where Contractor A’s patented improvised explosive device (IED) jammers are produced
Contractor A’s plant patent, which expired last year, for an asexually reproduced super soy bean that has been enhancing the meals, ready to eat (MREs) of our service men and women
Contractor A’s design drawings for the state-of-the-art night vision goggles
Q8 of Q9:
A DoD acquisition team is developing their intellectual property (IP) strategy to acquire a state-of-the-art voice-controlled surgical assistant. Which of the following are valid questions the team needs to answer as they develop their IP strategy? Select the three alternatives that apply.
How can you use a specially negotiated license (SNL) to tailor the rights more specifically to the government’s needs?
What type of data and/or technology do you need and why do you need it, short-term and long-
term?
Which commercial IP valuation approaches are most likely to be used by the potential offerors?
What data rights is the government entitled to and what data rights does the government need?
Q9 of Q9:
The government would like to purchase the technical data package (delivery and license rights) associated with Contractor A’s real-time field detection and identification system for hazardous materials. Contractor A has estimated the direct and indirect expenses the government would incur to replace the system’s intellectual property (IP), the monetary adjustment for the PI’s obsolescence, the revenue stream the IP will generate for its remaining useful life, the associated operating costs, and an appropriate present value discount factor. Given this data, which IP valuation approaches could Contractor A use to determine the value of its IP? Select the two alternatives that apply.
Income
Market
Cost
Operational
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