Two Years of Nonuse Raises a Presumption of Abandonment and Loss

question 54

True/False

Two years of nonuse raises a presumption of abandonment and loss of a federally protected trademark.

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Definitions:

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several different investments.

Investment Turnover

A measure of the efficiency of an entity in generating revenue from its investments, often calculated as sales divided by the average investment.

Activity Base

An activity base is a measure used in managerial accounting to allocate costs, based on activities that drive costs, as part of activity-based costing (ABC).

Service Departments

Departments within a company that support the primary operations but don't directly generate revenue.