Standard Corporation Can Not Claim a Trademark in the Phrase

question 25

Multiple Choice

Standard Corporation can not claim a trademark in the phrase "Quality Is Standard" if the phrase

• A) has a secondary meaning.
• B) is descriptive.
• C) is generic.
• D) is novel and not obvious.

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Definitions:

Cash Inflow

Funds or amounts of money received by an organization, either from operational activities such as sales or non-operational activities like investments and financing.

Noncash Investing

Investment activities that do not involve direct cash transactions, such as acquiring assets through issuance of stock or exchange of other assets.

Financing Activity

Transactions and events whereby resources are obtained from, or repaid to, owners (equity financing) or creditors (debt financing).

Net Income

The sum a company retains as earnings after deducting expenses and taxes from its turnover.