Which of the Following Respecting Trade Marks in Canada Is

question 54

Multiple Choice

Which of the following respecting trade marks in Canada is true?

• A)Trade make protection is automatic once the mark has been used for six months.
• B)Only a person with a similar trade mark or name can file an objection to registration of a trade mark.
• C)A person must apply for registration of a trade mark in each province to use it in that province.
• D)Once a trade mark is registered, it is protected for 15 years whether it is in active use or not.
• E)None of the above

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Definitions:

Government Reporting

The process of preparing and disclosing financial and performance information by government agencies, essential for accountability and transparency.

Full Accrual

Refers to an accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.

PSAB

Public Sector Accounting Board, which sets accounting standards for public sector entities in Canada.

Revenue Measured

The process of determining the monetary amounts at which the revenues of a company are recognized in the financial statements.