Which of the Following Statements Is TRUE

question 45

Multiple Choice

Which of the following statements is TRUE?

• A)Registration is mandatory for copyright, but not for patents.
• B)Registration is mandatory for copyright, but not for trademarks.
• C)Registration is mandatory for industrial designs, but not for trade secrets.
• D)Registration is mandatory for trademarks, but not for copyright.
• E)Registration is mandatory for trade secrets, but not for patents.

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Definitions:

Unit Product Cost

The total cost (both variable and fixed) associated with producing a single unit of product, calculated by dividing the total production costs by the number of units produced.

Direct Labor Cost

Direct labor cost refers to the expenses associated with employees who directly contribute to the production of goods or services, including wages and other benefits.

Variable Manufacturing Overhead

Costs that vary with the level of production activity, such as indirect materials and utilities for machinery.

Variable Selling

Costs associated with selling a product that vary directly with the volume of sales, such as commission fees.