A _____ Is a Brand That Is Legally Protected from Use

question 70

Multiple Choice

A _____ is a brand that is legally protected from use by any other firm.

• A)brand mark
• B)trademark
• C)manufacturer's brand
• D)generic brand
• E)private-label brand

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Definitions:

Revised Uniform Limited Partnership Act

A set of laws that provides a framework for the formation, operation, and dissolution of limited partnerships, aiming to standardize these practices across states.

LLPs

Limited Liability Partnerships, a business structure that offers its members limited personal liability for business debts and obligations, with some features of a partnership and some of a corporation.

LLCs

Limited Liability Companies, a flexible form of business enterprise that offers limited liability protection to its owners.

Manager-managed LLCs

A structure for a Limited Liability Company where the daily business operations are controlled and managed by appointed managers rather than by all its members.