Which of the Following Is True About Trade Name

question 9

Multiple Choice

Which of the following is true about trade name?

• A) There can be only one business using the same name within a state.
• B) Assumed name is completely different from trade name.
• C) Most states allow several firms to use the same trade name,as long as the firms are in different lines of business.
• D) Most states allow several firms to use the same trade name even if they are in the same town and have received a service mark.

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Definitions:

Business Owner

An individual who owns and oversees the operation of a small business or enterprise.

Organizational Structure

the system that outlines how certain activities are directed in order to achieve the goals of an organization, including roles, rules, and responsibilities.

Decisions Made Quickly

A process where choices or judgments are reached in a short period of time, often to respond to immediate needs or opportunities.

Simple

Easily understood or done; presenting no difficulty.