A "Passing-Off Action" Prevents a Person from Misleading the Public

question 86

True/False

A "passing-off action" prevents a person from misleading the public into thinking it is dealing with some other business and applies whether or not a registered trademark is involved.

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Definitions:

Support Departments

Units within an organization that provide essential services or support to the production or primary departments but do not directly engage in the main activity of the business.

Proportional Usage

The allocation of resources, costs, or efforts in relation to the direct usage or benefit obtained from those resources.

Direct Method

A means of reporting cash flows from operating activities that presents specific cash inflows and outflows directly rather than using the indirect method adjustments.

Reciprocal Services Method

An accounting method used to allocate costs between departments of an organization that provide services to each other.