Question
Which of the following pairs are correctly matched
between the concept and its example?Solution
- Copyright (I) typically applies to creative works, like literary, musical, and artistic works, but Apple's Logo (4) is more associated with a trademark. So, I-4 is incorrect.
- Trade Secret (II) applies to confidential information such as Google’s Search Algorithm (2) , which gives it a competitive edge. So, II-2 is correct.
- Patent (III) protects new inventions. Biocon’s Biopharmaceuticals (3) would be patented inventions in the field of medicine. So, III-3 is correct.
- Trademark (IV) applies to brand identifiers like logos and names. Coca-Cola’s Secret Formula (1) is more of a trade secret, so this is incorrect for trademark.
Which of the following is a depreciation method that is not commonly used?
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The father of accounting is