China and India Require That When Foreign Firms Enter into Joint

question 43

Multiple Choice

China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?

• A) local content laws
• B) business practice laws
• C) fair trade agreements
• D) quotas
• E) subsidies

---

Definitions:

Sales

Revenue generated from the sale of goods or services.

Total Assets

The sum of all current and long-term assets owned by a company, reflected on the balance sheet.

Net Sales

The revenue from goods or services sold by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

ROE

Return on Equity, a profitability measure that calculates the ability of a company to generate profits from its shareholders' equity.