Unlike a Licensing Arrangement, the Parent Company of a Wholly

question 23

Multiple Choice

Unlike a licensing arrangement, the parent company of a wholly owned business:

• A) gives up control over the quality of the product or service sold by the foreign business.
• B) has complete control over the foreign facilities.
• C) functions in the foreign market by obtaining a license from the local manufacturers.
• D) receives a percentage of the profits.

Understand the concept of globalization and its importance in modern organizations.

Identify internal and external forces for change in organizations.

Recognize various organizational changes (strategic, transactional, transformational, and incremental).

Understand the role of workforce diversity in organizational change.

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Definitions:

Dissociation

A cognitive function leading to a disconnection in an individual's thinking, recollection, and self-awareness.

Detachment

The emotional state of being indifferent or disengaged from thoughts, feelings, or connections to others.

Body

The physical structure of a living organism, comprising all its biological systems and parts.

Multiple Personalities

A condition, also known as Dissociative Identity Disorder, characterized by the presence of two or more distinct personality states.