Company a and B Agree to Engage in a Joint

question 15

Multiple Choice

Company A and B agree to engage in a joint venture. Which of the following statements pertaining to joint ventures is correct?

• A) Both parties to a joint venture must contribute an equal amount of resources to the venture.
• B) The party contributing the most resources to the venture has control over the venture.
• C) Both parties have joint control over the venture.
• D) Company A and B will retain ownership and title to any assets contributed to the joint venture.

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Definitions:

Productivity

Is an economic measure of efficiency that summarizes and reflects the value of the outputs created by an individual, organization, industry, or economic system relative to the value of the inputs used to create them.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.

Job Embeddedness

Refers to the fact that some people stay in their jobs, even when they decide they are unhappy and should leave. Other ties in the community or obligations keep the employee in the job.

Continuous Supervision

The management practice of closely monitoring employees' work and performance without significant breaks.