Every March, Bill, Who Owns and Operates a Small Retail

question 31

Multiple Choice

Every March, Bill, who owns and operates a small retail shop, takes a large box of receipts and invoices to his accountant so the accountant can file Bill's taxes in April. Only then does Bill know if his business has been profitable. Bill could benefit from a(n) ________.

• A) concurrent control system
• B) balanced scorecard system
• C) inventory control system
• D) management information system

---

Definitions:

Trade-Dress Infringement

A violation of intellectual property rights, occurring when one company's product design or packaging is too similar to another's, potentially confusing consumers.

Inherently Distinctive

A characteristic of a trademark indicating that it is uniquely identifiable and capable of identifying the source of a particular good or service itself.

Secondary Meaning

A legal concept where a descriptive or generic term acquires a unique significance associated with a particular product or service over time.

Fair Use Doctrine

is a legal doctrine that permits limited use of copyrighted material without requiring permission from the rights holders, typically for commentary, criticism, news reporting, teaching, or research.