Once a licensing agreement is agreed to, the licensee pays a(n) _____ in return.

A. interest
B. royalty
C. remuneration
D. tariff
E. reward


Answer: B

Business

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A materials requisition is sent to the purchasing agent by the materials storeroom clerk to request that additional materials be purchased.

Answer the following statement true (T) or false (F)

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A firm makes what type of plans to accommodate unforeseen changes and forecast errors?

a. Continual b. Contingency c. Conclusive d. Contextual

Business

Those who find lost property cannot acquire ownership rights through mere possession of it.

Answer the following statement true (T) or false (F)

Business

________ systems are the formal monitoring, evaluation, and feedback systems that allow managers to determine if the organization's strategy and structure are working according to plan.

A. Nonprogrammed B. Cultural C. Routine D. Control E. Organizing

Business