Opep Corp Received a New Building Project That Had Very Short

question 26

Multiple Choice

Opep Corp. received a new building project that had very short turnover and very high resource cost. The company decided to ask Imog Corp., another builder, to aid them in this project, and the two companies together formed a third company by combining their resources. This third company was formed for the duration of the project and received equal credit after completion. In this scenario, Opep Corp. and Imog Corp. are forming a _____.

• A) joint venture
• B) global new venture
• C) multinational franchise
• D) wholly owned affiliate

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Definitions:

Irreversible Change

A permanent alteration of a substance or system from which recovery or return to the original condition is impossible under normal conditions.

Enzymes

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Organic Compounds

Chemical compounds that contain carbon-hydrogen bonds, including a wide range of substances such as fuels, plastics, food additives, and drugs.

Proteins

Large, complex molecules made of amino acids that perform a vast array of functions in living organisms, including structural, enzymatic, and regulatory roles.