A Simple International Transaction That Involves the Transfer,usually for a Limited

question 17

Multiple Choice

A simple international transaction that involves the transfer,usually for a limited time,of specific technology or intellectual property from one firm to another firm is known as a:

• A)patent transfer.
• B)licensing agreement.
• C)lease agreement.
• D)merger.

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Definitions:

Mark-Up Percentage

A financial ratio indicating the percentage by which a product's selling price exceeds its cost, used to determine selling prices.

Time And Material Pricing

A pricing method where a service provider charges based on the labor time involved and the cost of materials used.

Labour Used

Refers to the total amount of work done or number of hours worked by employees in a specific period.

Materials Used

The raw inputs consumed in the production of goods.