Ric Designs a New Computer Hard Drive,which He Names "Sci

question 47

Multiple Choice

Ric designs a new computer hard drive,which he names "Sci Phi." He also writes the operating manual to be included with each final product.Ric could obtain patent protection for

• A)the hard drive.
• B)the "newness" of the hard drive.
• C)the name.
• D)the operating manual.

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Definitions:

Trademark

A legal designation of exclusive use of a brand or product name.

Goodwill

An intangible asset that represents the portion of the business value that cannot be attributed to other business assets.

Loss on Disposal

The financial loss incurred when an asset is sold for less than its carrying value on the books.

Other Revenue

Income generated from activities not related to a company’s primary operations.