Which of the Following Is True of Intellectual Property of a Franchisor

question 44

Multiple Choice

Which of the following is true of intellectual property of a franchisor?

• A) Trademarks do not qualify for patents.
• B) A word or motto that identifies a franchisor does not qualify for trademark protection.
• C) A service mark is exclusive to the franchisor and cannot be licensed to franchisees.
• D) Trade secrets of a franchisor do not qualify for patent protection.

Recognize the implications of the commerce clause on federal and state regulatory powers.

Discern the applicability of the privileges and immunities clause to state-to-state interaction.

Grasp the concept of federalism and the division of powers among different branches of government.

Acknowledge the rights and protections afforded to corporations and individuals, including speech and privacy rights.

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members out of its earnings. It represents a share of corporate profits.

Property, Plant, Equipment

Long-term tangible assets used in the operation of a business and not intended for resale.

Operating Activities

Operating activities relate to the primary business activities of a company, such as production, distribution, and marketing, which generate revenue and expenses reflected in the income statement.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material, labor, and overhead costs.