In International Dealings,green-Field Development Is

question 34

Multiple Choice

In international dealings,green-field development is

• A) a way in which an MNC may contract with a foreign government or local firm to trade raw materials for certain resources belonging to the MNC.
• B) a way in which an MNC can take total control of operations by acquiring a firm already established in the host country.
• C) when a corporation chooses to build a facility from scratch allowing it the freedom to design the plant, choose suppliers, and hire its workforce.
• D) when an MNC has a large amount of management talent available and chooses to use its personnel to assist a firm in a host country for a specified fee and period of time.
• E) contracting for construction of operating facilities in exchange for a fee.

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Definitions:

Preoperational Thought

Preoperational thought is a stage in Piaget's theory of cognitive development where children ages 2 to 7 have not yet developed the ability to think logically.

Zone of Proximal Development

A concept in education and cognitive psychology referring to the difference between what a learner can do without help and what they can achieve with guidance and encouragement from a skilled partner.

Scaffolding

An educational approach where a more knowledgeable person provides support and gradually removes it as the learner becomes more competent.

Preoperational Thought

A stage in Piaget's theory of cognitive development where children from about 2 to 7 years think symbolically but are not yet able to use logical operations.