Select Service Partner (SSP) Group Has Operations in 30 Countries

question 230

Multiple Choice

Select Service Partner (SSP) Group has operations in 30 countries involving food and beverage establishments, often in transit hubs such as airports and railway stations. SSP also operates Starbucks locations in airports in Finland, Sweden, and Norway. SSP pays Starbucks a royalty based on sales, as well as a fee for each store. In these instances, Starbucks is engaged in

• A) direct exporting.
• B) indirect exporting.
• C) contract manufacturing.
• D) foreign assembly.
• E) franchising.

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Definitions:

Liability Insurance

Insurance that provides protection from claims arising from injuries or damage to other people or property.

HIPAA Compliance Officer

A designated person responsible for ensuring that an organization adheres to HIPAA regulations, protecting patient health information.

Profit Sharing

A company program that gives employees a share in the profits of the company, typically as a portion of their annual salary or as a bonus payment.

Reimbursement

To pay back or compensate for money spent, or losses or damages incurred; payment for provider services (from insurance company).