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A License Agreement Is a Right Granted by One Company

question 24

True/False

A license agreement is a right granted by one company to another to use its brand name and technology in the manufacture or sale of goods and services.


Definitions:

Credit Card Bill

A statement listing transactions, payments, and outstanding charges on a credit card account.

Penalty

A punishment imposed for breaking a law, rule, or contract.

Budget

A budget is a financial plan that outlines expected income and expenses over a specified period, helping to manage resources effectively.

Cut Expenses

The act of reducing spending or costs in order to save money or meet a budget.

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