Triston Is a Company Owned by a Single Owner with Headquarters

question 86

Multiple Choice

Triston is a company owned by a single owner with headquarters in Switzerland and manufacturing plants in 90 other nations. Triston is an example of a(n) _____.

• A)joint venture
• B)multinational corporation
• C)ethnocentric organization
• D)polycentric organization
• E)franchise

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Definitions:

Bankruptcy Trustee

An individual or entity appointed in bankruptcy cases to represent the interests of the bankruptcy estate and the creditors, managing the debtor's property and dividing it among the creditors.

Chapter 7

is a bankruptcy provision under the U.S. Bankruptcy Code that involves the liquidation of a debtor's non-exempt assets to pay off creditors.

Debtor's Business

Refers to a business entity that owes money or other liabilities to another party, known as the creditor.

Credit Counseling

A service that assists individuals in managing their debt through financial education, budgeting, and the use of debt management plans.