Match the Term with Its Definition

question 31

Multiple Choice

Match the term with its definition.
-A wholly owned subsidiary formed from scratch in another country

• A)cross-border acquisition
• B)exporting
• C)globalization
• D)greenfield venture
• E)importing
• F)offshoring
• G)trade intermediary
• H)trade mission

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Definitions:

Labor Management Reporting and Disclosure Act

A U.S. federal law aimed at regulating labor unions' internal affairs and their officials' relationships with employers.

Business Representative

An individual who acts on behalf of a business, often in negotiations or as a point of contact.

Contract Negotiations

The process of discussing the terms of a contract between parties with the aim of reaching an agreement that is acceptable to all involved.

Grievances

Complaints or concerns raised by employees regarding workplace conditions, policies, or treatment that they believe to be unfair.