What are the two types of intellectual properties?
What will be an ideal response?
Intellectual properties can be divided into two principal branches: artistic property and industrial property. Artistic property encompasses artistic, literary, and musical works. These are protected, in most countries, by copyrights and neighboring rights. Industrial property is itself divided into two categories: inventions and trademarks. Inventions include both useful products and useful manufacturing processes. They are protected in a variety of ways, the most common protection being in the form of patents, petty patents, and inventors' certificates. Trademarks include "true" trademarks, trade names, service marks, collective marks, and certification marks. All of these are markings that identify the ownership rights of manufacturers, merchants, and service establishments. They are protected by trademark laws.
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Sales promotion expenditures increased as a percentage of budget expenditure for a number of years. Growth has, however, recently slowed. Which of the following is a factor that has contributed to the growth of sales promotion expenditures?
A) Many brands have come to be seen as dissimilar. B) The efficiency of advertising as a promotion has improved. C) The trade demands more deals from manufacturers. D) Consumers have become less price-oriented. E) The number of brands in the market has decreased.
At age 40, Janice has decided to purchase a 20-payment life insurance policy with a face value of $390,000. Use Table 19-1 and Table 19-2 to calculate her quarterly premium. (Round your answer to the nearest cent)
a. $3679.81 b. $9,524.10 c. $10,258.30 d. $3,587.16
A source document that an employee uses to report how much time was spent working on a job or on overhead activities and that is used to determine the amount of direct labor to charge to the job or to determine the amount of indirect labor to charge to factory overhead is called a:
A. Time ticket. B. Factory payroll record. C. Payroll Register. D. Factory Overhead Ledger. E. General Ledger.
In the EPQ model, if all the assumptions are true, then the total annual cost associated with the inventory is the sum of ______.
A. total annual setup cost and the total annual holding cost B. total annual setup cost and the total annual ordering cost C. total production cost and the total annual ordering cost D. total production cost and the total annual holding cost