The ________ Is the Company That Owns the Intellectual Property

question 58

Multiple Choice

The ________ is the company that owns the intellectual property. The ________ is the company purchasing the right to use it.

• A) endorsee; endorser
• B) licensor; licensee
• C) licensor; endorsee
• D) endorser; endorsee
• E) licensee; licensor

---

Definitions:

Machine-Hours

A measure of production time, expressed in hours, that machinery is operating.

Equipment Depreciation

The process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value of equipment over time.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of those costs.

Indirect Labor

Labor costs not directly associated with the production of goods or services, such as supervisory or maintenance labor.