Vertically and Horizontally Integrated Business Groups That Dominate the Japanese

question 52

Multiple Choice

Vertically and horizontally integrated business groups that dominate the Japanese economy are called:

• A) keiretsu.
• B) chaebol.
• C) kaizen.
• D) kanban.

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Definitions:

Financial Reporting

The process of disclosing financial information to stakeholders, such as investors and creditors, to facilitate informed decision-making.

Countries

Nation-states defined by geographic boundaries, governance, sovereignty, and often a common culture or identity.

Incorporate

The process of legally declaring a corporate entity as separate from its owners, providing the benefits of limited liability and perpetual existence.

Legal Systems

The comprehensive framework of laws and regulations established within a country to govern its society and economy.