Robert Is an Operating Manager for a Large Organization

question 15

Multiple Choice

Robert is an operating manager for a large organization.Robert's organization will be engaging in a joint venture.He has been assigned the responsibility of overseeing his firm's participation in the joint venture.As such,Robert's supervisor has asked him to participate in the negotiation process.Even if Robert is not familiar with the negotiations,his presence at this stage is essential to

• A) ensure that the definition and understanding of the alliance's goals are clear and consistent
• B) give the joint venture partner an opportunity to accept or reject Robert's leadership of his firm's participation in the partnership.
• C) communicate Robert's extensive familiarity with his own firm to the joint venture partner.
• D) make him feel important and test his capacity to operate in a stressful situation.

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Definitions:

Open-end Credit

A revolving credit line that allows a borrower to spend up to a certain limit, repay it, then borrow again.

Annual Percentage Rate (APR)

The annual rate charged for borrowing or earned through an investment, which reflects the actual yearly cost over the term of a loan.

Grace Period

A set period after a payment due date during which a late fee or other penalty for late payment is waived.

Unsolicited Card

A credit or debit card sent to individuals without their request, which has been largely prohibited by certain regulations.