Joint Ventures

question 25

Multiple Choice

Joint ventures:

• A) Result in complete control by one firm
• B) Incur low administrative costs
• C) Entail a risk of opportunism by partners to the venture
• D) Are desirable in all environments

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Definitions:

Mirror Neurons

Neurons that fire both when an individual acts and when the individual observes the same action performed by another, thought to be related to understanding actions, empathy, and learning through imitation.

Emotions

Complex psychological states involving thoughts, feelings, physiological changes, and behaviors in response to stimuli.

Extinction

In behavioral psychology, the process by which a previously learned behavior is reduced and eventually disappears when reinforcement is no longer provided.

Reinforcement

In behavioral psychology, a concept that involves increasing the likelihood of a behavior by following it with a positive or removing a negative stimulus.