A license is an agreement to produce and market another company's product in exchange for a royalty or fee
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: A license is an agreement to produce and market another company's product in exchange for a royalty or fee.
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ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable cost per unit are tabled here. Determine the process to be selected when the production volume is 500 units.
a. Process A
b. Process B
c. Process C
d. cannot be determined
The scale of measurement for the Test Score variable above is…
a. qualitative
b. quantitative
c. nominal
d. ratio
Which of the following best describes tactical-level decisions?
A) decisions undertaken at the highest level by the leaders of an organization B) programmed decisions that involve routine transactions and deal directly with customers C) decisions that impact the entire organization and sometimes, even the industry D) mid-level decisions undertaken by managers on issues like product development and membership drives
Which of the following, if true, might justify the relocation as a prudent move from the human resource point of view?
A) Developing a Facebook page made the business known to a large group of potential customers living in a much wider regional area. B) Federal crime reports show that the greater metro area has seen an increase in car thefts. C) The new location is located near a major freeway interchange. D) Fantasy action figures are often remaindered for below wholesale cost because their popularity is short-lived. E) Anonymous notes in the firm's suggestion box repeatedly cited cramped conditions and lack of privacy as the most annoying factors in working conditions at the present site.