In Spite of the Potential Problems with Local Partners, Many

question 85

Multiple Choice

In spite of the potential problems with local partners, many firms rush the process of partner selection because ________.

• A)they want to reduce the amount spent on establishing subsidiaries abroad
• B)they want to take advantage of the local partner's technological innovations
• C)they mostly aim at increasing the number of equity shares within a short period of time
• D)they are anxious to get into an attractive market

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Definitions:

Criminal Tendencies

Behaviors or inclinations towards conducting actions that violate laws.

Legal Admissions

Refers to statements or facts acknowledged to be true by parties involved in a legal proceeding, which can be used as evidence in court.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Implied Authority

Authority of an agent that is not expressly granted but assumed to be provided due to the nature of the agent's work or position.