Differentiate between a trademark and service mark
A trademark is a distinctive mark, word, letter, number, design, picture, or combination in any arrangement that a firm adopts or uses to identify its products and to distinguish those goods from those produced by others. Well-known examples of trademarks include IBM, McDonald's, and Disney.
A service mark is similar to a trademark, but it is used to identify and distinguish the services of one firm from another. For example, the titles, character names, and other distinctive elements of a radio show may be a registered service mark.
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Some federal agencies provide grants, loans, and/or loan guarantees for businesses that meetspecific criteria. One of these is the United States ________.
A. Interstate Commerce Commission (ICC) B. Small Business Administration (SBA) C. Federal Land Bank (FLB) D. Agricultural Extension Agency (AEA)
A process manager delegates control inside the organization and is a risk-taker.
a. true b. false
Bettie Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October: Materials ConversionUnits completed and transferred out 50,000 50,000 Equivalent units: work in process, October 31 10,000 4,000 Total equivalent units 60,000 54,000 Materials ConversionCosts in work in process on October 1$9,000 $5,400 Costs added to production during October 243,000 513,000 Total cost$252,000 $518,400 All materials at Bettie are added at the beginning of the production process.What total amount of cost should be assigned to the units completed and transferred out during October? (Round your intermediate calculations to 2 decimal places.)
A. $691,900 B. $642,000 C. $690,000 D. $677,500
Edward, age 52, leased a house for one year in Memphis with an option to buy as his personal residence. At the end of the lease, he purchased the house. He lived there for an additional 26 months before his employer transferred him to Tucson. Expecting to be in Tucson for 18 to 24 months, he rented the Memphis house for 18 months with an option to extend on a month-to-month basis for an additional 6 months. At the end of the 18-month period, Edward’s employer offered him a permanent position in Tucson as branch manager. The tenant who had been occupying Edward’s house in Memphis purchased it at the end of the 24-month extended lease period. Is Edward eligible to elect exclusion treatment under § 121?
What will be an ideal response?