According to the U

question 64

Multiple Choice

According to the U.S. Small Business Administration (SBA) , a job description typically includes a

• A) detailed description of the tools used to perform the job.
• B) summary of the general nature and level of the job.
• C) list of personality traits suitable for performing the job.
• D) list of names of employees responsible for performing the job.

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Definitions:

Licensing

A process where a company allows another to use its intellectual property or technology in exchange for a fee or royalty.

Royalties

A share of the income of a business paid by a franchisee to the franchisor.

Innovation

The act of introducing something new, such as an idea, method, or device, to improve processes, products, or services.

C Corporation

An organizational form for businesses where shareholders, the owners, face taxation independently from the corporation.