The British Firm Joining in the Joint Venture

question 120

Multiple Choice

The British firm joining in the joint venture:

• A) faces lower risk than if it were using a wholly-owned foreign affiliate.
• B) enjoys greater control than is it were using the wholly-owned affiliate.
• C) can anticipate a lower cost than a company that uses global outscoring.
• D) all of these.
• E) none of these.

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Definitions:

Cultural Expectations

Socially constructed norms and beliefs about how individuals should behave in a given society.

Temporal Schemas

Cognitive structures that enable understanding and organization of events based on time, aiding in memory and anticipation of future events.

Personal Construct

A psychological theory proposing that individuals organize their experiences and view the world through unique, personal systems of constructs.

Cultural Influences

The ways in which the values, beliefs, and practices of a culture shape and impact individuals' behaviors and perceptions.