Theodore and James Have Formed TJ Soft, an Entrepreneurial Venture

question 95

Multiple Choice

Theodore and James have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers. Their company, which includes TJ Soft stores, is looking for opportunities in the future that include international operations.
-A foreign company wants to be able to copy and manufacture TJ Soft programs and sell them in its stores.What would be an appropriate approach for them to use?

• A)licensing
• B)franchising
• C)renting
• D)appropriating

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Definitions:

Perceiving Abilities

The capacity to recognize, interpret, and understand one's own skills and competencies, as well as those of others.

Regulating Emotion

The process of managing and controlling one's emotional responses to achieve appropriate emotions in different situations.

Liquidation Proceedings

The formal process of winding up a company's financial affairs, including selling off assets to pay creditors.

Dissolve

The process of legally dissolving a corporation or partnership, effectively terminating its existence.