Major Drawbacks of Licensing Include

question 4

Multiple Choice

Major drawbacks of licensing include

• A)The risk of losing the capital investment.
• B)The risk of the local government changing international trade policies.
• C)The loss of control and the possibility of creating a new competitor.
• D)All of the above

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Definitions:

Fiduciary Duty

An obligation to act in the best interest of another party, typically in a relationship where trust and confidence are essential.

Duty Of Care

An obligation to take steps to avoid foreseeable harm; an essential element for establishing liability in the tort of negligence.

Breach Of Fiduciary Duty

A legal violation that occurs when a trusted individual or entity fails to act in the best interests of those they owe a duty to.

Director

An individual appointed to the board of an organization, responsible for guiding its policy and direction.