An Agreement in Which One Firm Permits Another to Use

question 64

Multiple Choice

An agreement in which one firm permits another to use its intellectual property in exchange for compensation is known as a ________.

• A)licensing agreement
• B)franchising agreement
• C)manufacturing contract
• D)turnkey operation
• E)management contract

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Definitions:

Uncaring Attitude

describes a lack of interest or concern about something or someone, often perceived as indifference or emotional detachment.

Life Cycle

The series of stages that an entity (such as a product, organization, or project) goes through from initiation to its eventual termination or renewal.

Social Change Issue

A problem that is recognized by society as needing to be addressed in order to achieve justice, equality, or improvements in human rights, environmental conservation, or community welfare.

Analysts

Professionals who examine data, trends, or systems in specific fields to provide insights, recommendations, or forecasts.