An Important Feature of an Equity Joint Venture Is That

question 75

Multiple Choice

An important feature of an equity joint venture is that:

• A) it is characterized by one group's merely providing a service to another.
• B) it involves a financial investment by a multinational company (MNC) in a business enterprise with a local partner.
• C) it organizes worldwide operations based primarily on function and secondarily on product.
• D) it provides the most benefits when the need for product specification or differentiation is high.

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Definitions:

Consumerism

The tendency to define ourselves in terms of the goods we purchase.

Rationalization

The process of replacing traditional and emotional thought with reason and practicality, often in the context of industry and bureaucracy.

Culture

The shared beliefs, customs, practices, and social behavior of a particular nation or people.

Evolutionary Psychology

A theoretical approach in psychology that attempts to explain useful mental and psychological traits—such as memory, perception, or language—as adaptations, i.e., as the functional products of natural selection.