Which of the Following Types of Intellectual Property Can Be

question 38

Multiple Choice

Which of the following types of intellectual property can be assigned to the invention of a plant that can be reproduced asexually?

• A) patent
• B) copyright
• C) trademark
• D) trade name
• E) brand mark

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Definitions:

Direct Materials

Raw materials that can be directly attributed to the production of goods, evident in the final product.

Work In Process

Refers to the materials, labor, and overhead costs incurred for products that are in the process of being manufactured but are not yet complete.

Cost Per Equivalent Unit

A calculation used in process costing that represents the cost associated with producing one unit of output, considering both completed items and partially completed items.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, measured in terms of the amount of finished goods they represent.