Solved

Listed Below Are Five Terms Followed by a List of Phrases

Question 155

Matching

Listed below are five terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the best term placing the number designating the term in the space provided.

Premises:
An exclusive right to manufacture a product or to use a process.
Payment for the exclusive right to use the company's name and to sell its products within a specified geographical area.
A word, slogan, or symbol that distinctively identifies a company, product, or service.
An exclusive right of protection given to the creator of a published work such as a song, film, painting, photograph, book, or computer software.
The purchase price of a company less the fair value of the net assets acquired.
Responses:
Patent
Trademark
Franchise
Goodwill
Copyright

Correct Answer:

An exclusive right to manufacture a product or to use a process.
Payment for the exclusive right to use the company's name and to sell its products within a specified geographical area.
A word, slogan, or symbol that distinctively identifies a company, product, or service.
An exclusive right of protection given to the creator of a published work such as a song, film, painting, photograph, book, or computer software.
The purchase price of a company less the fair value of the net assets acquired.
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