A(n)________ Policy Would Give the Foreign Units of a Company

question 4

Multiple Choice

A(n) ________ policy would give the foreign units of a company a degree of autonomy in decision-making.

• A)centralized production
• B)vertical integration
• C)mass customization
• D)polycentric staffing

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Definitions:

Nonbinding Preincorporation Contracts

Agreements made on behalf of a corporation before it is legally formed, which typically do not hold the corporation responsible once it is established.

Personal Liability

The state of being legally responsible for the debts or actions of oneself, not shielded by corporate or other legal entities.

Incorporated

A legal status indicating that a business entity has been registered as a corporation, separating its liabilities and assets from those of its owners.

Model Business Corporation Act

A model set of laws proposed to standardize the regulation of corporate business practices across the United States.