In the Desire to Have a Celebrity's Image Protected to Prevent

question 65

Multiple Choice

In the desire to have a celebrity's image protected to prevent it from being used in ways he would not approve,a celebrity's estate

• A)will probably not be successful,since there are no laws regulating this kind of use in the United States.
• B)will have to be granted a patent declaring the celebrity's image a new product,and this will give the estate protection for 7 years.
• C)can rely on U.S.laws that protect intellectual property rights to prevent the unauthorized use of his image.
• D)will most likely be more successful in developing countries than in high-income countries,since property regulations are better enforced in developing countries.

---

Definitions:

Prior Service Cost

A pension accounting term referring to the cost of benefits attributed to employee service in prior periods, often arising from plan amendments.

Pension Expense

The cost recognized by an employer for maintaining a defined benefit pension plan for its employees.

Defined Benefit Plans

Pension plans that promise a specified retirement benefit amount, which is determined by factors such as salary history and duration of employment.

Interest Cost Component

The portion of pension expense that represents the increase in the projected benefit obligation due to the passage of time.