An Exclusive License Is Defined as ________

question 57

Multiple Choice

An exclusive license is defined as ________.

• A) a license that grants access to exclusive information for a limited period
• B) a license that restricts the licensee to some information only
• C) a license that grants rights to only one party for a specific period
• D) a license that grants licensees only a few rights in intellectual property

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Definitions:

Break-even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in no profit or loss.

Variable Cost

Costs that change in proportion to the level of production or sales activity, such as raw materials and direct labor costs.

Fixed Costs

Fixed overheads that stay the same no matter how much is produced or sold, including rental fees or staff salaries.

Margin of Safety

The difference between actual or projected sales and the break-even point, indicating the amount by which sales can drop before a business incurs a loss.