The Purpose of a Trade Mark Is

question 47

Multiple Choice

The purpose of a trade mark is:

• A)The same as the purpose of a business name in that both are a means of preventing others from reproducing a name.
• B)Different from purpose of a business name: a business name, unlike a trademark, is designed to enable those dealing with a business to identify the people behind it.
• C)The same as the purpose of a business name because registration of the business name, like a trademark, automatically prevents others from using the name to market products.
• D)Different from the purpose of a business name: a trade mark, unlike a business name, is not intended to prevent others from using the name.

Compute direct materials price variance and appreciate its effect on the cost of production.

Analyze and calculate the total variance in overhead costs.

Understand the procedure for computing direct material cost variance.

Determine the actual cost of direct labor through variance analysis.

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Definitions:

Selection System

The process by which organizations evaluate, choose, and hire individuals to fill job vacancies.

High-performance Organization

An organization characterized by significantly higher productivity and efficiency compared to its competitors.

Occupational Intimacy

The closeness and personal connection that individuals may develop with their work, colleagues, or professional environment.

Policies

Guidelines or rules established by organizations or governments to direct actions and decisions.