Which of the Following Statements About Business Names Is NOT

question 15

Multiple Choice

Which of the following statements about business names is NOT true?

• A)Registration grants monopoly rights but not proprietary rights.
• B)A business name must be registered in every state the business trades in.
• C)Registration provides a registry so that business owners can be identified.
• D)Registration is not necessary if the entity is a registered company trading in the company name.

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Definitions:

Diminishing Marginal Returns

Diminishing Marginal Returns is an economic principle stating that as additional units of a factor of production are added to a fixed amount of other factors, the incremental increase in output will eventually decrease.

Marginal Product

The additional output that results from using one more unit of a specific input, keeping other inputs constant.

Third Worker

In the context of labor and production, refers to the addition of a third employee in a process, which can affect productivity differently depending on the scenario.

Marginal Product

Additional output gained by employing one more unit of production.