Joint Ventures Are Also Termed ________

question 122

Multiple Choice

Joint ventures are also termed ________.

• A)licenses
• B)franchises
• C)foreign subsidiaries
• D)subsidiaries
• E)strategic alliances

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Definitions:

Shared Power

The distribution of governmental responsibilities and powers between different branches or levels of government to prevent abuse of authority.

National Policy

A course of action adopted and pursued by a government or political party on national issues.

States' Powers

The rights and responsibilities allocated to state governments, as distinguished from those vested in the federal government, under a federal system of governance.

Elastic Clause

A provision in the U.S. Constitution (Article I, Section 8, Clause 18) granting Congress the power to pass all laws necessary and proper for carrying out the enumerated list of powers.