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

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Definitions:

Funding Requirements

The total amount of capital needed to support a business's operations, projects, or to fulfill other financial commitments.

Actuarial Assumptions

The hypotheses about demographic, financial, and other variables that actuaries use to calculate the liabilities and expenses of insurance and pension plans.

GAAP Standards

Generally Accepted Accounting Principles; a set of rules and standards used for financial reporting and accounting in the United States.

Pension Asset

Refers to the resources set aside by a company in a pension fund to meet future pension liabilities to its employees.