Which of the Following Is True of a Generic Name

question 71

Multiple Choice

Which of the following is true of a generic name?

• A)It is exemplified by such terms as "aspirin," "escalator," and "cellophane."
• B)It is one that is understood by prospective purchasers to denominate the general type of goods or services with which it is used.
• C)A user can acquire rights in a generic name as a trade symbol.
• D)All of the above.
• E)Both (a) and (b).

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Definitions:

Prospective Franchisees

Individuals or entities in the process of considering or negotiating to become franchise owners.

Material

Physical substances or components used in the production of goods or in the construction of projects.

Informative

Characterized by providing useful or interesting information.

Sole Proprietorship

A business structure in which one individual owns and operates the business, responsible for all its debts and liabilities.