In Order to Pool or Share Resources and Know-How with a Foreign

question 73

Multiple Choice

In order to pool or share resources and know-how with a foreign company and subsequently share the rewards and risks of starting a new venture in a foreign country, an organization would pursue a

• A)corporate takeover.
• B)franchising agreement.
• C)licensing agreement.
• D)strategic alliance.
• E)foreign subsidiary.

Understand the role of HR programs in enhancing employee embeddedness amidst downsizing.

Acknowledge the importance of protecting employee rights and maintaining a positive labor-management climate during downsizing.

Grasp the various strategies for effective restructuring and downsizing.

Recognize the time horizon of changes related to downsizing and its systematic planning.

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Definitions:

NSF Check

A check that cannot be processed because the account it is drawn on does not have sufficient funds.

Outstanding Checks

Checks recorded in the checkbook register that have not yet been processed or debited by the banking institution.

Checks Cleared

The process by which banks verify and process the transfer of funds from the check writer's account to the recipient's account.

Bank Reconciliation

Bank reconciliation is the process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they are in agreement.