A Trade Name Refers to

question 218

Multiple Choice

A trade name refers to

• A)any word,device (design,sound,shape or color),or combination of these used to distinguish a seller's products or services.
• B)the part of a brand name that can be spoken.
• C)the legally registered brand name of a firm's product or service that give it exclusive use,thereby preventing competitors from using it.
• D)the commercial,legal name under which a company does business.
• E)a logotype plus the brand name.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity.

Permanent/Temporary

Describes assets, accounts, or differences; where permanent refers to lasting or intended to last indefinitely, and temporary indicates a limited time duration.

Financial Statement

Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Direct Labor

Direct Labor consists of the wages or salaries paid to employees directly involved in the production of goods or services, representing a variable cost.