Which of the Following Is Not True of Registration Under

question 13

Multiple Choice

Which of the following is not true of registration under the Designs Act 2003?

• A)It protects the overall appearance of a product.
• B)It generally lasts 5 years.
• C)It gives rights to the owner of the design.
• D)Protection is lost once the design is applied commercially.

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Definitions:

Labor Hours

Labor hours refer to the total number of hours worked by employees within a specified period, often used to measure productivity and labor costs.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as factories.

Price Ceilings

a government-imposed limit on how high a price can be charged for a product, service, or commodity.

Black Markets

Unauthorized or illegal trading of goods and services that violate government regulations.