Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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What does ‘reasonable royalty’ refer to?
  1. Reasonable profit
  2. Increased profit
  3. Less than market value profit
  4. Breakeven analysis
Explanation
Answer: A - Reasonable royalty, in terms of calculating damages, refers to the reasonable profit the seller would benefit from in an open market. This means there would be no barriers for entry into or exit from the market; everyone would have an equal share in the market.
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