Which of the Following Statements Is True Regarding a Trade

question 75

Multiple Choice

Which of the following statements is true regarding a trade name?

• A) It identifies a character created for a commercial.
• B) It can be registered under the Lanham Act.
• C) It identifies a producer.
• D) It refers to the total image of a product, including the size, shape, color, and texture.

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Definitions:

Production Function

A mathematical model describing the relationship between inputs used in production and the resulting output.

Variable Costs

Costs that change in proportion to the level of output or activity.

Lease

A contractual agreement wherein one party (the lessor) grants the other party (the lessee) the right to use an asset for a specified period in return for regular payments.

Bouquets

Arrangements of flowers typically used for decorative purposes or given as gifts.