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.

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Definitions:

Federal Law

Federal law refers to the body of law created by the federal government of a country, which applies to the entire nation and supersedes laws made by local jurisdictions.

Cumulative Summary

A consolidated report that aggregates data or information over a period, providing a total overview.

FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare, based on a percentage of earned wages.

Payroll Tax Expense

Payroll tax expense includes taxes imposed on employers or employees, and is based on the wages, salaries, and tips paid to the employees.