Disney Sells the Rights for an Investment Company to Run

question 52

Multiple Choice

Disney sells the rights for an investment company to run a Disneyland theme park in Tokyo.The investment company gains most of the profits from the enterprise while paying Disney a percentage in royalties.This is an example of:

• A) a joint venture
• B) exporting
• C) direct investment
• D) licensing
• E) capital-intensive manufacturing

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Definitions:

Refuse Payment

The act of deliberately not paying for a service or product received.

Consumer Note

A debt instrument where the borrower promises to pay back a certain amount of money to the lender at a future date, typically used for personal, family, or household purchases.

Bills Of Exchange Act

Legislation that regulates the transfer, creation, and definition of bills of exchange, a type of financial instrument.

Endorse

To give support, approval, or recommendation publicly, or to sign the back of a financial instrument, transferring rights or ownership.