Jennifer and James Decide to Allow a Company in Hong

question 118

Multiple Choice

Jennifer and James decide to allow a company in Hong Kong to use the rights to their software,brand name,and product specifications in return for a lump-sum payment.This agreement is known as a(n) ________.

• A)strategic alliance / joint venture
• B)export alliance
• C)franchise
• D)foreign subsidiary

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Definitions:

True

In programming and digital logic, a condition or value representing truth, often equated to 1 or high state.

Closed-loop Control

A control system methodology where output is measured and continuously fed back into the system for real-time adjustments to achieve desired performance.

PLC Control

PLC (Programmable Logic Controller) control refers to the automation of machinery and processes using a specialized computer that executes instructions for logical operations, sequencing, timing, counting, and arithmetic to control machines and processes.

Desired Value

The target or setpoint value that a system or process aims to achieve or maintain.