All of the Following Are Disadvantages of Licensing Except

question 119

Multiple Choice

All of the following are disadvantages of licensing except

• A)the licensor reduces its potential profits gained from product sales.
• B)the foreign country gains employment by having the product manufactured locally.
• C)the licensor forgoes control of its product.
• D)should the licensee prove to be a poor choice, the name or reputation of the company may be harmed.
• E)the licensor may be creating its own competition.

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Definitions:

Parliamentary Supremacy

Refers to the legal doctrine that a legislature has absolute sovereignty, and its laws cannot be overridden by any other body, including the executive or courts.

Glorious Revolution

The 1688 event in England that led to the overthrow of King James II and the establishment of William III and Mary II as co-rulers.

Universal Suffrage

The extension of voting rights to all adults without restriction by sex, race, social status, or wealth.

Church and State

The concept concerning the distinct roles and the separation of religious organizations and governmental entities to prevent undue influence on public policy.