Which of the Following Is an Example of Licensing

question 56

Multiple Choice

Which of the following is an example of licensing?

• A) DMX, an electronics manufacturer, acquires Z-Elex, a start-up firm, and sells all Z-Elex's products under the DMX brand name.
• B) Berry, a fruit juice company, uses a well-known cartoon character to promote the company's line of children's products and pays the creator of the cartoon character a fee.
• C) XLC, a sporting goods firm, sponsors a number of top athletes in various sports and also hosts the XLC Sporting Achievement Awards.
• D) ZetaBike, a bicycle manufacturer, teams up with VitaWater, a sports drink producer, to introduce ZetaVita, an energy drink.
• E) Mason's, a retail chain, sells a number of different products from different manufacturers under the brand name Mason's.

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Definitions:

Checkbook Balance

The amount of money available in an account, according to the account holder's records.

Bank Service Charge

Fees charged by a bank to a customer for account maintenance, transactions, and other financial services.

NSF Check

A check that has not been honored by the bank due to insufficient funds in the account to cover the amount.

Outstanding Checks

Checks that have been written and recorded in a company’s ledger but have not yet been cleared or deducted from the bank account balance.