Licensing Is

question 138

Multiple Choice

Licensing is:

• A)when a foreign country and a local firm invest together to create a local business.
• B)having a company handle its own exports directly, without intermediaries.
• C)offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.
• D)contracting with a foreign firm to manufacture products according to certain specifications.

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Definitions:

Bonds

Fixed-income investment products that represent loans made by an investor to a borrower, typically corporate or governmental, which is obligated to pay back with interest.

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners, encompassing all revenues, gains, expenses, and losses.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from total revenue.

Retained Earnings

The portion of a company's profits that is kept or retained and saved for future use, reinvestment, or to pay debt.