The Practice in Which the Parent Firm Is Obligated to Provide

question 22

Multiple Choice

The practice in which the parent firm is obligated to provide its brand name,specialized equipment and/or service,and sometimes to fund some startup costs,to another firm in return for an annual fee is known as _____.

• A) licensing
• B) franchising
• C) a foreign acquisition
• D) a joint venture
• E) an export-import business

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Definitions:

Realistic Goals

Objectives that are achievable and measurable, taking into account available resources, constraints, and time.

Training Schedule

A planned timetable that outlines the specific times and dates for training sessions to enhance skills and competencies.

Transfer

Placement of an individual in another job for which the duties, responsibilities, status, and remuneration are approximately equal to those of the previous job.

Training Program Conditions

The specific circumstances or requirements necessary for the implementation and success of a training program, including resources, participant engagement, and material relevance.