Which of the following is true about the nature of licensing?
A. The person who owns the intellectual property is known as the licensee.
B. A customer who has bought a patented product cannot freely resell it without fear of violating the original patent.
C. As a general rule, persons who buy from patent holders or their licensees are restricted by the original licensing contract.
D. Sometimes the licensee is permitted to sublicense all or part of its rights in the technology to a sublicensee.
Answer: D
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Western cultures judging people from other cultures who use their hands to eat rather than use utensils is an example of ______.
A. euphemism B. narcissism C. ethnocentrism D. altruism
On December 1, Orenthal Marketing Company received $3,600 from a customer for a 2-month marketing plan to be completed January 31 of the following year. The cash receipt was recorded as unearned fees. The adjusting entry for the year ended December 31 would include:
A. a credit to Earned Fees for $3,600. B. a debit to Earned Fees for $1,800. C. a debit to Earned Fees for $3,600. D. a debit to Unearned Fees for $1,800. E. a credit to Unearned Fees for $1,800.
A partner in a landscaping business can bind the partnership to a contract for purchasing furniture and clothing
Indicate whether the statement is true or false
A beachhead is
a. a venture’s long-term new product strategy. b. where a venture gets started penetrating the market. c. product architecture. d. where the team goes offsite to plan its future products and services