Which of the Following Statements Is TRUE with Respect to Registration

question 30

Multiple Choice

Which of the following statements is TRUE with respect to registration of intellectual property rights?

• A) registration is required for both industrial design and breach of confidence
• B) registration is mandatory for trademarks, but not for copyright
• C) registration is required for patents, but not for copyright
• D) registration is mandatory for copyright, but not for trademarks
• E) none of the above

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Definitions:

Gross Profit

The difference between revenue from sales and the cost of goods sold, indicating the amount before deducting operating expenses, taxes, and other charges.

Merchandiser

A business entity that purchases goods for resale at a profit, engaging in activities that include buying, storing, and selling merchandise.

Perpetual Inventory System

An accounting method where inventory levels are updated in real-time after every receipt or sale of items.

Physical Count

A method used in inventory management to ensure the actual number of physical goods matches the recorded inventory.