Which of the Following Statements Is True of Licensing

question 78

Multiple Choice

Which of the following statements is true of licensing?

• A)Licensing restricts finances needed for international expansion.
• B)Cross licensing grants a company the right to use a property but does not grant it sole access to a market.
• C)A major advantage of licensing is that it is the least risky method of international expansion.
• D)Licensing increases the likelihood that a licensor's product will appear on the black market.

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Definitions:

Payroll

The total amount of wages and salaries paid by a business to its employees.

Bank Deposits

Funds that are placed into a bank account, including both cash and non-cash transactions.

Adding Machine

A mechanical or electronic device used for calculating sums of numbers.

Managing Office Supplies

The process of ordering, stocking, and overseeing the distribution of products and equipment required for the operation of an office.