Regarding the Name of a Corporation

question 64

Multiple Choice

Regarding the name of a corporation:

• A) it may be the same as a federally-trademarked name, so long as the two corporations operate exclusively in different states.
• B) it can be similar to another corporation's name, so long as the existing corporation has not trademarked the name.
• C) it must contain a word or abbreviation that indicates corporate status.
• D) it may contain a word or phrase that implicitly reserves the right of the corporate owner to operate the business as a sole proprietorship or partnership.
• E) The Revised Model Business Corporation Act removed all general restrictions concerning corporate names; therefore, such names are not restricted, except that they cannot constitute a "fraud on the public."

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Definitions:

Natural Rate

The long-term unemployment rate around which the labor market is in equilibrium, unaffected by short-term fluctuations.

Unemployment

The condition of being without a job while actively looking for employment and being willing to work.

Potential GDP

An estimate of the maximum output an economy can produce when it is most efficiently utilizing all available resources.

Fiscal Policy

Government policies related to taxation and spending that aim to influence the economy's overall activity.