Figure 15.7 Shows

question 49

Multiple Choice

Figure 15.7 shows:

• A)Traditional structures of corporations found in the 18th century: a European rim, a Japanese hub and an American wheel
• B)The structures of large national European, American and Japanese corporations found today
• C)Three structures of MNCs from the 20th century
• D)Three structures of MNCs commonly found today

---

Definitions:

Binding

Describes an agreement, contract, or legal decision that must be adhered to by the parties involved.

Appealed

To apply to a higher court for a reversal of the decision of a lower court.

International Arbitration

A process used to resolve disputes between parties from different countries outside the courts, using agreed upon arbitrators.

Arbitrators

Neutral third parties selected to impartially resolve disputes between parties in a binding arbitration process, outside of the court system.