A Person Who Intentionally and Knowingly Uses a Counterfeit Mark

question 46

Multiple Choice

A person who intentionally and knowingly uses a counterfeit mark may receive:

• A) a judgment for three times the defendant's profits or three times the plaintiff's damages,whichever is greater.
• B) a fine of up to $200,000 on the first offense and $750,000 on a repeat offense.
• C) a fine of up to $1,000.
• D) imprisonment of up to 20 years for the first offense and for up to 30 years for a repeat offense.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services provided on credit.

Financing Activities

Transactions and events that affect long-term liabilities and equity of an entity, reflected in the cash flow statement.

Treasury Stock

Represents shares that were previously issued but have been bought back by the company and are held in its treasury.

Dividends Paid

The portion of a company's earnings distributed to shareholders, usually in the form of cash or additional shares.