Selling the Rights to Use Your Company's Brand Name in Return

question 55

Multiple Choice

Selling the rights to use your company's brand name in return for a lump-sum payment and a share of the buyer's profits is referred to as

• A)licensing.
• B)entering a joint venture.
• C)exporting.
• D)franchising.
• E)royalty facilitation.

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Definitions:

Work Rules

Standards and guidelines established within a workplace governing employee conduct, performance expectations, and operational procedures.

American Federation of Labor

A national federation of labor unions in the United States, established in 1886, focusing on skilled workers' rights and interests.

National War Labor Board

A government agency established during World War I and again during World War II to mediate labor disputes and prevent strikes that could disrupt production in wartime industries.

U.S. Labor Relations

The relationship between workers and employers in the United States, governed by laws and regulations pertaining to collective bargaining, workers' rights, and dispute resolution.