Compare Each Descriptor to Determine Which One Accurately Characterizes a Joint

question 21

Multiple Choice

Compare each descriptor to determine which one accurately characterizes a joint venture.

• A)a contractual arrangement in which a fee is paid to have the right to open a business using the parent company's business name and to receive marketing and operational support
• B)a contractual arrangement where a foreign firm agrees to manufacture products for a domestic firm
• C)an arrangement where a domestic firm partners with a foreign company to create a new entity, thus allowing the domestic firm to enter the foreign company's market
• D)a legal process in which one firm pays to use or distribute another firm's resources, including products, trademarks, patents, intellectual property, or other proprietary knowledge
• E)an arrangement in which a domestic firm actively manages a foreign company or overseas facilities

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Definitions:

Promotion

The advancement of an employee to a higher position in an organization, usually accompanied by increased responsibilities and pay.

Salary

A set amount of money or compensation paid to an employee by an employer in return for work performed, typically expressed on an annual basis.

Workforce Diversity

Differences among recruits and employees in characteristics such as gender, race, age, religion, cultural background, physical ability, or sexual orientation.

Age

A measure of the time since an individual or object has existed, typically expressed in years.