For Initial Fee Plus Royalties, Inding Inc

question 63

Multiple Choice

For initial fee plus royalties, Inding Inc., a U.S.-based firm, will provide Caliste Works, a firm based in Singapore, with an exclusive right to conduct Inding's business in its country. This form of global business is an example of a _____.

• A) wholly owned affiliate
• B) conglomerate
• C) franchise
• D) joint venture

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Definitions:

Primary Bronchi

The major air passages that branch off from the trachea and enter the lungs to facilitate breathing.

Voice Box

The part of the air passage to the lungs that holds the vocal cords; it is responsible for producing sound.

Larynx

The voice box located in the throat, involved in breathing, producing sound, and protecting the trachea against food aspiration.

Trachea

The windpipe, a tube that connects the larynx to the bronchi of the lungs.