Solved

Match Each of the Following Terms with the Descriptions Below

Question 185

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:

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
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