The Purpose of a Trade Mark Is

question 24

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:

Finished Goods

Items that have been completed by the manufacturing process, and are ready for sale to customers.

Ending Balance

The final amount in an account at the end of an accounting period, reflecting all transactions that occurred during that period.

Variable Manufacturing Overhead

The portion of manufacturing overhead costs that vary directly with production volume, such as utilities and raw materials.

Work in Process Inventories

Current assets that represent partially completed goods which are still in the production process.