A New Subsidiary (Scenario)

question 65

Multiple Choice

A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
-It is rumoured that Philip has been directed to develop this business for the overall good of the planet,as a way of contributing to the turnaround of greenhouse gas and oil consumption issues.The company would be set up as a public trust,with all profits either returned back to the organization for further development or donated to specific organizations such as the Bill and Melinda Gates Foundation.If so,this would then become a ________.

• A)public company
• B)public interest organization
• C)not-for profit venture
• D)social enterprise

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Definitions:

Informed Consent

is the legal and ethical requirement to explain and obtain agreement from a patient before any medical procedure or treatment is performed.

Illness Behavior

The manner in which individuals respond to, monitor, and interpret their symptoms and decide on actions for treatment.

Hardiness

Refers to the mental resilience and personal strength in coping with stress and difficult situations.

Stress

A psychological and physiological response to perceived challenges or threats, resulting in a variety of physical and emotional effects.