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What are royalties?

Afees paid to law firms and accountants
Ba percentage of a franchise’s earnings paid to the parent company
Cfees paid to celebrities for using their names
Da percentage of profits paid to the government Please select the best answer from the choices provided A B C D

Verified Answer :

The answer is B: A percentage of a franchise’s earnings paid to the parent company.

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Answer:

b. A percentage of a franchise’s earnings paid to the parent company.

Explanation:

Companies pay another company, most often the parent company or may even be the licensor, money or some degree of the income in the business world. This payment made by one to another more higher than them is known as royalty in business. The payment of royalty depend on the income incurred and the profit of the company. Royalties are paid only in cases where the 'small' company had to take help from the 'big' company. Or in other words, in exchange for any asset or help, the parent company may ask for royalties from the secondary company.

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