
Licensing
Quiz
•
Computers
•
University
•
Practice Problem
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Medium
Morgan Queen
Used 3+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Licensing?
Transaction in which a firm (the licensor) sells the right to use its intellectual property of another firm (the licensee) for a fee
the exclusive right granted for an invention
a work or invention that is the result of creativity, such as a manuscript or a design
a single payment made at a particular time, as opposed to a number of smaller payments or installments
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a disadvantage of Licensing?
Complex Agreements
Cost Savings
The licensor always loses money
Diversification
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Who was the top licensing agent of 2022?
Mattel
Animation International
IMG
Netflix
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When did licensing originate?
2000s
Early 1800s
1990s
The Middle Ages
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In 2024, what is expected of licensing?
utilizing more technology, increasing sustainability, and data-driven insights
a decrease in international licensing
More complex licensing agreements
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a lump-sum payment?
a person who grants a license
compensation under a licensing agreement
a single payment that purchases the right to use, have or make changes to someone else's property
exclusive rights to an invention or product
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the role of a licensing agent?
create the global forum for intellectual property
providing licensing services, consultations, and identifying new business opportunities
to grant a license to the licensee
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