A Trademark

question 4

Multiple Choice

A trademark:

• A) is any word, name, symbol, or device, or combination thereof, which identifies one particular product or line of products from a single source.
• B) prevents the whole ad from being legally used by another.
• C) is required by law to be significantly different from the trade name of the organization that owns the trademark.
• D) is registered and protected by the Library of Congress.
• E) grants exclusive rights to the trademarked material for the life span of its owner plus an additional 50 years.

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Definitions:

Study Time

A period dedicated to academic work or learning outside of formal teaching sessions.

Marginal Analysis

A review of the extra advantages gained from an activity in relation to the extra expenses it generates.

Benefit

The advantage or gain received from a decision, action, or policy, often used in the analysis of choices in economics.

Bounded Rationality

A basis for decision making that leads to a choice that is close to but not exactly the one that leads to the best possible economic outcome; the “good enough” method of decision making.