Saturday, October 10, 2020

The exclusive right to use another company's name and to sell its products within a specified geographical area is a:

The exclusive right to use another company's name and to sell its products within a specified geographical area is a:



A) Patent.

B) Copyright.

C) Trademark.

D) Franchise.


Answer: D


A word, slogan, or symbol that distinctively identifies a company, product, or service is a:



A) Patent.

B) Copyright.

C) Trademark.

D) Franchise.


Answer: C


Research and development costs should be:



A) Expensed in the period incurred.

B) Expensed in the period they are determined to be unsuccessful.

C) Deferred pending determination of success.

D) Expensed if unsuccessful, capitalized if successful.


Answer: A

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