To Minimize Its Own Risks, the Boomtown Petroleum Corp

question 67

Multiple Choice

To minimize its own risks, the Boomtown Petroleum Corp. of Houston, Texas, operates a South American oil refinery that is owned by residents of that country. Boomtown is engaged in an activity known as:

• A) management contracting.
• B) a joint venture.
• C) exporting.
• D) licensing.
• E) direct investment.

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Definitions:

Dominant Orientation

The primary direction in which a geological formation or feature is aligned.

Deformed Objects

Items that have been altered from their original shape or structure through pressure or stress.

Thrust Fault

A type of reverse fault where the fault plane angle is low, causing older rock layers to move over younger ones.

Anticline

A type of fold in sedimentary layers that resembles an arch, with the oldest layers at the core of the fold.