Ernst & Young,an International Accounting and Management Consulting Company,entered Hungary

question 51

Multiple Choice

Ernst & Young,an international accounting and management consulting company,entered Hungary first by establishing a joint venture with a local firm. Ernst & Young later acquired the company with which it had the alliance. Which type of entity did Ernst & Young then have in Hungary?

• A)a franchise  
• B)a licensing arrangement  
• C)a cooperative contract  
• D)a wholly owned affiliate

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Definitions:

Industrial Services

Services provided to businesses or industries, such as maintenance, cleaning, consulting, and logistics, rather than individual consumers.

Complementary Products

Goods or services that enhance or are used together with another product, increasing its value or utility.

Stock Keeping Unit

A scannable barcode, often seen as a number or code on products, that allows items to be tracked in inventory.

Unique Identification

A specific identifier assigned to an individual, product, or entity that distinguishes it from others within a system or market.