Which of the Following Is True About Licensing

question 37

Multiple Choice

Which of the following is true about licensing?

• A)It is a bad option for products that are difficult to produce.
• B)It refers to the transfer of trademark rights held by one party to another party.
• C)It allows owners of intellectual property to obtain payment for their creations in a lump sum.
• D)It involves the legal assignment of the rights to a product from one party to another.
• E)It is a method of protecting the brand name and logo of a company.

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Definitions:

Government Purchases

Expenditures made by the public sector on goods and services, including infrastructure and public safety.

Net Taxes

The total amount of taxes collected by the government minus any transfer payments and subsidies.

GDP

Gross Domestic Product, a measure of the economic performance of a country, evaluating the total value of all goods and services produced over a specific time period.

Government Purchases

Expenditures by government agencies on goods and services that directly satisfy public consumption or are invested in public infrastructure.