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INTERVIEW QUESTIONS
FINANCIAL ACCOUNT
ROYALTY ACCOUNT
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Question: What is royalty in economics?
Answer: A royalty payment is made to the legal owner of a property,patent, copyrighted work or franchise by those who wish to make use of it for the purpose of generating revenue or other such desirable activities. In most cases, royalties are designed to compensate the owner for the asset's use, and are legally binding.
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Royalty Account Interview Questions & Answers -
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Question:
What is royalty in economics?
Answer:
A royalty payment is made to the legal owner of a property,patent, copyrighted work or franchise by those who wish to make use of it for the purpose of generating revenue or other such desirable activities. In most cases, royalties are designed to compensate the owner for the asset's use, and are legally binding. Source: CoolInterview.com
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