When a trademark becomes a generic term, the trademark holder:
a. must renew the name with the U.S. Patent and Trademark Office.
b. can sue anyone who continues to use the trademark in an infringement action.
c. loses common law rights, but can still enforce the trademark under federal law.
d. can no longer achieve protection for the trademark.
d
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What are some of the entities that an exporter should be familiar with?
Describe and explain the role played by each of these entities, separating those that have responsibilities from exporters from those that have no responsibilities from the exporters.
The formula used to calculate the operating income is ________
A) operating income = sales revenues + cost of goods B) operating income = sales revenues - cost of goods - SGA expenses - other operating expenses C) operating income = cost of goods + SGA expenses + other operating expenses D) operating income = sales revenues - SGA expanses E) operating income = sales revenues + cost of goods + SGA expenses + other operating expenses
Operational objectives become more specific at higher levels of the organization, and planning tends to focus on longer time spans.
Answer the following statement true (T) or false (F)
Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. b.Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. c.The ending finished goods inventory equals 30% of the following month's sales. d.The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. e.Regarding raw materials purchases, 40% are paid for in
the month of purchase and 60% in the following month. f.The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. g.Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. h.The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000. The estimated net operating income (loss) for February is closest to: (Round your intermediate calculations to 2 decimal places.) A. $11,620 B. $81,620 C. $29,640 D. $41,000