A(n) _____ Is an Agreement in Which a Foreign Business

question 65

Multiple Choice

A(n) _____ is an agreement in which a foreign business owner pays a company a fee for the right to conduct that business in his or her country.

• A)exporting agreement
• B)cooperative contract
• C)joint venture
• D)strategic alliance
• E)free­trade agreement

---

Definitions:

Conciliation

A method of alternative dispute resolution where a conciliator helps parties in a dispute to reach a mutually satisfactory agreement to resolve their issues.

Negotiation

The process by which two or more parties communicate and come to an agreement or resolve a dispute.

Supreme Court of Washington

The highest court in the state of Washington, responsible for interpreting the state's constitution and laws.

Binding

A legal term indicating that an agreement, contract, or decision is enforceable by law.