Which of the Following Is a Contractual Entry Mode in Which

question 49

Multiple Choice

Which of the following is a contractual entry mode in which a company owning intangible property grants another firm the right to use that property for a specified period of time?

• A)franchising
• B)licensing
• C)management contract
• D)strategic alliance

Understand the different types of contracts and warranties for equipment and their benefits.

Utilize reorder point cards and other tools for timely supply reordering.

Record and maintain essential information for equipment service and maintenance.

Evaluate vendor services including pricing, quality, delivery, and damaged goods policies.

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Definitions:

Cost Constraint

The principle that the cost of providing financial information should not outweigh the benefits that the information provides to users.

Generating Revenue

The process by which a company produces income from its operations, sales, or services.

Consumed Assets

Assets that have been used and cannot be restored or recovered, typically expensed in the period they are used.

Services Used

Consumption of services in operations, such as consulting, maintenance, or legal services, recorded as expenses.