Computers

Question

1) If a U.S. company sells the rights to use a business

system--including brand names, business

processes, trade secrets, and other assets--to a

Chinese company and then receives royalties from

the Chinese company, the U.S. company is engaging

in what the chapter describes as

Answer

Licensing.

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The U.S. company is engaging in licensing, which is defined in the chapter as the sale of the rights to use a business system,...