"QuantumFind Does Not Want to Sell the Technology, but QuantumFind

question 16

Multiple Choice

"QuantumFind does not want to sell the technology, but QuantumFind is willing to allow us to legally use the technology for a fee," said Sheila Stone, sales professional, "and I would like to use the technology in our proposed project for SturdyBuilt Construction." Leon Jackson, Division Manager, replied, "OK. I'm fine with that. I will approve expenditure for a(n) ________ fee."

• A)processing
• B)license
• C)customs
• D)patent
• E)lading

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Definitions:

Equilibrium Rent

The rental price at which the quantity of properties landlords are willing to lease equals the quantity that tenants are willing to rent.

Quota

A type of trade restriction that limits the quantity of a good that can be imported or exported during a specific time period.

Market

Any structure that allows buyers and sellers to exchange any type of goods, services, and information.

Medallions

Licenses or permits, often used in reference to the system regulating taxis where a limited number of medallions are issued, granting the right to operate a cab.