According to the Text, Licensing Agreements Usually Stipulate That a Royalty

question 4

Multiple Choice

According to the text, licensing agreements usually stipulate that a royalty of __________ be paid to the licensor.

• A) 2 to 5 percent of profits
• B) 2 to 5 percent of sales
• C) 5 to 7 percent of profits
• D) 5 to 7 percent of sales
• E) none of the above

---

Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out neural signals.

Nerve

A bundle of fibers that transmits electrical impulses toward and away from the brain and spinal cord, facilitating communication between the body and nervous system.

Electrical Messages

Signals transmitted along neurons through changes in electrical potential, facilitating communication within the nervous system.

Nervous Tissue

A type of tissue composed of neurons and glial cells, specializing in the transmission of electrical nerve impulses throughout the body.