LyTV, a Large U

question 104

Multiple Choice

LyTV, a large U.S. based broadcast network, receives royalty payments from TipTV, a small Ukrainian broadcast network, for using its channels and television programs. TipTV hopes to improve the viewership of its network by making use of LyTV's popularity. This form of agreement is an example of _____.

• A) direct foreign investment
• B) exporting
• C) licensing
• D) protectionism

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Definitions:

Co-Ownership

A legal arrangement where two or more parties hold title to a specific property, sharing rights and responsibilities.

Crown

A reference to the state or the monarchy in a legal context, often used in commonwealth countries.

Surface

The outermost or topmost layer of something, often referred to in contexts such as computing, geology, or skin.

Joint Tenants

Joint Tenants is a term used in real estate to describe a form of co-ownership where all owners hold an equal share of the property, and have a right of survivorship, meaning upon the death of one tenant, the property's ownership transfers to the surviving tenant(s).