Which selection strategy is most appropriate when a large number of applicants are being considered for a position?

Which of the following types of firms does NOT have limited liability?

A) sole proprietorships B) limited partnerships C) corporations D) none of the above

Which of the following is likely to be an advantage for the licensor in a licensing arrangement?

A) low cost and little risk B) major returns on investment irrespective of sales C) strict control over the use of its product and brand name D) low royalty percentages