Which Type of Global Organization Is Most Likely to Suffer

question 45

Multiple Choice

Which type of global organization is most likely to suffer problems associated with being culture bound?

• A)licensing  
• B)franchising  
• C)joint ventures  
• D)global new ventures

Calculate the normal time for given operations based on observed times and performance ratings.

Determine the standard time for operations when factoring in constant and variable allowances.

Recompute standard times with adjusted allowances to understand the impact of changing allowance values.

Understand the relationship between observed times, performance ratings, and allowances in determining standard times.

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Definitions:

Exclusive Use

The right to use a property or product without sharing it with others, often refers to licenses or real estate.

Economies of Scale

Refers to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Consent Decrees

Legal agreements that settle a dispute between two parties without admission of guilt but with an agreement to stop the contested activities.

Marginal Revenue

The additional earnings obtained from selling one more unit of a product or service.