A Disadvantage of Licensing as a Means of Acquiring New

question 36

Multiple Choice

A disadvantage of licensing as a means of acquiring new technology is that

• A) it involves high monitoring costs.
• B) the firm does not control or own the unique technology.
• C) it is less economical than internal development.
• D) it is the most time-consuming way to develop new technology.
• E) the firm will need to acquire internal development capabilities.

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Definitions:

Eighth Amendment

Part of the United States Constitution that prohibits excessive bail, fines, and cruel and unusual punishment.

Cruel And Unusual Punishment

This concept relates to punishment that is considered unacceptable due to the suffering, pain, or humiliation it inflicts, prohibited by constitutional law in many jurisdictions.

Pervasive-regulation Exception

An exception to general legal principles that allows for greater regulatory intervention in business activities within industries considered to be heavily regulated.

Administrative Searches

Inspections conducted by governmental agencies without warrants for regulatory purposes, such as health and safety inspections.