Firms Engaging in a ________ with a Local Company Can

question 107

Multiple Choice

Firms engaging in a ________ with a local company can benefit from a local partner's knowledge of the host country's competitive conditions, culture, language, political systems, and business systems.

• A) turnkey project
• B) joint venture
• C) greenfield investment
• D) licensing arrangement

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Definitions:

Employee

Someone who is classified as a paid worker for a principal.

Apparent Authority

A situation where a reasonable third party would understand that an agent had authority to act, even if the agent did not have actual authority.

Tort

An act of wrongdoing or violation of a right that results in civil legal consequences.

Independent Contractor

An individual or business that provides goods or services to another entity under terms specified in a contract, not considered an employee for tax and legal purposes.