It Is Not Legal for You to Sell Copies of Your

question 39

Multiple Choice

It is not legal for you to sell copies of your own original songs with a label that indicates the songs are by Madonna because

• A) that would be a patent violation.
• B) that would be a trademark violation.
• C) that would be a copyright violation.
• D) that would be a trade secret violation.

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Definitions:

Payroll

The total amount of wages and salaries paid by a business to its employees for a set period of time.

Interest Payable

The amount of interest expense that has been incurred and is owed but has not yet been paid as of the balance sheet date.

Interest Expense

An entity's expense from acquiring funds through loans over a specific time frame.

Notes Payable

Written agreements where a borrower agrees to pay back a sum of money to a lender by a certain date.