Lemon N' Honey Is a Juice Manufacturing Company in the United

question 70

Multiple Choice

Lemon N' Honey is a juice manufacturing company in the United States. It exports its products to Australia, licenses to China, has a joint ownership venture in France, and owns a subsidiary in Brazil. The firm will most likely need to create a(n) ________ to handle all its worldwide activities.

• A) international division
• B) domestic market
• C) value delivery network
• D) export department
• E) domestic division

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Definitions:

Enforceable Contract

A legally binding agreement between parties that can be enforced by law if not fulfilled.

Ratified

Refers to the formal approval or confirmation of an agreement or contract, typically making it officially valid.

Authority To Make Contracts

The legal capability or power granted to a person or entity to enter into binding agreements or contracts.

Audit

An official inspection of an individual's or organization's accounts, typically by an independent body, to verify their accuracy.