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:

Nominal Data

Data classified into categories that cannot be ordered or ranked in any meaningful way.

Ordinal Data

A type of categorical statistical data representing order or rank, such as levels of satisfaction, without specifying the exact differences between ranks.

Null Hypothesis

A hypothesis that proposes there is no significant difference or effect and serves as the default assumption to be tested against an alternative.

Student-t

A distribution used in statistics that is appropriate for estimating population parameters for small sample sizes or unknown variances.