This Spring Break You Are Planning to Leave the U

question 20

Multiple Choice

This spring break you are planning to leave the U.S. and visit London,where you will stay in a hotel for 10 days. The London hotel will be performing a ________.

• A) indirect merchandise export
• B) merchandise export
• C) service export
• D) service import

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Definitions:

Goodwill Asset

An intangible asset that represents the excess value of a purchased company over the fair value of its identifiable tangible and intangible assets.

Copyrights

Legal rights given to the creator of original works, protecting them against unauthorized reproduction or distribution for a certain period.

Patents

Legal documents granted by governments giving inventors exclusive rights to their inventions for a certain period, preventing others from making, using, or selling the invention.

Trademarks

Symbols, names, phrases, or logos legally registered or established by use as representing a company or product, offering protection against unauthorized use.