Evergreen Industries and BigTime Technologies Have Teamed Up to Produce

question 127

Multiple Choice

Evergreen Industries and BigTime Technologies have teamed up to produce a more environmentally-friendly automotive engine. This is an example of

• A) licensing.
• B) foreign direct investment.
• C) a joint venture.
• D) exporting.
• E) local warehousing and selling.

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Definitions:

Long-Term Assets

Assets expected to provide economic benefits for more than one year, such as buildings, equipment, and vehicles.