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
Business
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________________: Individuals with specific skills, keep team moving to accomplish goal
Fill in the blank(s) with the appropriate word(s).
Business
When the IRS determines an appropriate transfer price that a multinational's affiliate may use, the guideline is known as ________
A) reasonable man principle B) the book value C) arm's length price D) resale price
Business