Software Entrepreneurial Venture (Scenario)Theodore and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, and in exploring future opportunities decides to initiate international operations.Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use the rights to their software, brand name, and software specifications in return for a lump sum payment. The firm is a service organization that plans to use the software to assist its customers. Their agreement is a(n) ________.
A. export agreement
B. licensing agreement
C. franchise agreement
D. import agreement
Answer: C
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What will be an ideal response?
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a. Forced b. Coerced c. Empowered d. Not allowed
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Indicate whether the statement is true or false
Marwick Corporation issues 8%, 5 year bonds with a par value of $1,070,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%. What is the bond's issue (selling) price, assuming the following Present Value factors:n= i= Present Value of an Annuity Present value of $15 8?% 3.9927? 0.6806?10 4?% 8.1109? 0.6756?5 6?% 4.2124? 0.7473?10 3?% 8.5302? 0.7441?
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