Matching
Match each of the following terms with the descriptions below by supplying the letter of the correct term.
Premises:
The amount paid for a business in excess of its fair market value
A registered symbol or name to identify a product or service
An exclusive right for 20 years to produce a particular product
A contract restricting the rights of others to operate in a specific industry
A right to occupy land or buildings under a long-term rental contract
An exclusive right to sell literary, artistic, or musical works and computer software
Capitalized costs associated with computer programs developed for sale, lease, or internal use
A right to an exclusive territory or market
A planned search for a new product, as well as pure research
Access to the names of subscribers or patrons
Responses:
Leasehold
Trademark
Copyright
Patent
Customer list
Goodwill
Software
Noncompete covenant
Franchise
Research and development
Correct Answer:
Premises:
Responses:
The amount paid for a business in excess of its fair market value
A registered symbol or name to identify a product or service
An exclusive right for 20 years to produce a particular product
A contract restricting the rights of others to operate in a specific industry
A right to occupy land or buildings under a long-term rental contract
An exclusive right to sell literary, artistic, or musical works and computer software
Capitalized costs associated with computer programs developed for sale, lease, or internal use
A right to an exclusive territory or market
A planned search for a new product, as well as pure research
Access to the names of subscribers or patrons
Premises:
The amount paid for a business in excess of its fair market value
A registered symbol or name to identify a product or service
An exclusive right for 20 years to produce a particular product
A contract restricting the rights of others to operate in a specific industry
A right to occupy land or buildings under a long-term rental contract
An exclusive right to sell literary, artistic, or musical works and computer software
Capitalized costs associated with computer programs developed for sale, lease, or internal use
A right to an exclusive territory or market
A planned search for a new product, as well as pure research
Access to the names of subscribers or patrons
Responses:
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