..……is a contract between the owner and user of the asset to use the asset for a consideration.

Related MCQs

• The distinction between an "entrepreneur" and "small business owner" , if made, revolves around:
• Ability to use techniques ,procedures and tools of a specific field is called…………
• ………………. Give right to use patented technology and get related know-how on mutually agreed basis:
• A business arrangement where one party allows another party to use a business Name and sell its products or services is known as 
• A business arrangement where one party allows another party to use a business Name and sell its products or services is known
• In under developed countries, local mobile phone companies use the same technology used by big companies to manufacture their products. Which of the following type of Entrepreneurs is highlighted above:
• The advance given to cover the finance requirement during the time lag between the sanctioning and disbursement of term loan by financial institutions is known as…………..
• ……………………….. is the difference between sales and variable cost.
• Difference between latest finish time and estimated time to perform the project is called………..
• ………………………… is the difference between the actual sales and break even sales.