Which of the Following Is Characteristic of a Know-How Agreement

question 18

Multiple Choice

Which of the following is characteristic of a know-how agreement?

• A) exclusive rights to reproduce original art work
• B) permission to use manufacturing facilities for a fee
• C) exchanging technological or management information for royalties
• D) trading the use of a name brand for management advice

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Definitions:

Punishment

Punishment involves imposing a penalty or negative consequence on an individual or group as a response to an undesired action or behavior, with the intent of discouraging that behavior.

Pleasant Event

An occurrence or activity that brings about enjoyment, happiness, or satisfaction.

Kaizen

A Japanese business philosophy of continuous improvement of working practices, personal efficiency, etc.

Interpersonal Reward

Involves positive outcomes or benefits one receives from social interactions, enhancing relationships and motivating collaborative efforts.