Answer the following statements true (T) or false (F)
1. A patent is an exclusive right to reproduce and sell a book, musical composition, film, other work of art, or intellectual property.
2. Goodwill is the excess cost of an acquired company over the market value of its net assets.
3. A trademark represents the exclusive right to reproduce and sell a book, musical composition, film, other work of art, or intellectual property.
4. Franchises are privileges granted by a business to sell goods and services under specified conditions.
5. All intangible assets must be amortized each year.
1. FALSE
2. TRUE
3. FALSE
4. TRUE
5. FALSE
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Which of the following describes the recommended prerequisites for managing vulnerabilities?
A. Determine the main objective of vulnerability management, and assign roles and responsibilities. B. Implement the COSO ERM framework, and identify key vulnerabilities. C. Identify the key vulnerabilities, and implement appropriate controls to minimize the vulnerabilities. D. Implement suitable controls, and assess those controls for potential vulnerabilities.
When a company introduces a new product to an existing product line, it is using the strategy of a line extension
Indicate whether the statement is true or false
Replevin actions are also possible on goods not identified in the contract
Indicate whether the statement is true or false
What are electronic portfolios?