The Accuracy of Service Costs for the Categories of (I)

question 46

Multiple Choice

The accuracy of service costs for the categories of (i) professional services, (ii) service shops and (iii) mass services is low, medium or high. For each service category (i) , (ii) and (iii) , it is:

• A) high, low, low.
• B) low, medium, low.
• C) low, high, low.
• D) high, medium, low.

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Definitions:

Principal Register

The primary register of the United States Patent and Trademark Office for trademarks, providing the highest level of protection and rights.

Geographically Descriptive

Refers to trademarks that are not protectable because they merely describe the location related to the goods or services.

Trademark Rights

Legal rights granted to the owner of a trademark, providing exclusive use of the mark to identify goods or services and protection against infringement.

Trade Secret

A type of intellectual property consisting of a formula, practice, process, design, instrument, pattern, or compilation of information that is not generally known and which provides a business with a competitive advantage.