A Licensing Agreement

question 60

Multiple Choice

A licensing agreement:

• A) results in two firms agreeing to share the risks and the resources of a new venture.
• B) is best way to protect proprietary technology from future competitors.
• C) allows a foreign firm to purchase the rights to manufacture and sell a firm's products within a host country.
• D) can be greatly impacted by currency exchange rate fluctuations.

---

Definitions:

Debilitating

Debilitating describes a condition or illness that severely affects one's strength or ability to carry out day-to-day activities.

Hospitalization

The process or period of receiving medical treatment in a hospital.

Dissociative Disorder

A psychological condition characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Carelessness

A lack of attention or consideration resulting in mistakes or accidents.