Design and Names by Which Merchants or Manufacturers Designate and Differentiate

question 88

Multiple Choice

Design and names by which merchants or manufacturers designate and differentiate their products are known as _____.

• A) trademarks
• B) copyrights
• C) patents
• D) licenses

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Definitions:

Board Of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Corporate Registrar

A corporate registrar is an entity responsible for maintaining a company’s register of shareowners and managing share issues and transfers.

Mutual Agency

The legal principle that allows each partner in a partnership firm to represent and make decisions for the firm.

Entity Principle

An accounting concept that treats a business as separate from its owners or other businesses for financial reporting.