1. Which of the following is not a typical characteristic of a licensing arrangement?

1. Obtaining the rights to use a particular type of technology.
2. Obtaining a controlling interest in another firm
3. Obtaining patent rights
4. Paying royalties in direct proportion to revenues generated by the agreement
5. Utilizing another firms trademark to market your product

2. Which of the following is not a motivation for establishing an alliance?

1. Risk sharing
2. Gaining access to new markets
3. Gaining access to a new technology
4. Achieving maximum control
5. Entering into a foreign market

1. Which one of the following is not a characteristic of a corporate legal structure?

1. Unlimited liability
2. Double taxation
3. Continuity of ownership
4. Managerial autonomy
5. Ease of raising money