Josh Adams Runs a Large Cattle Farm in Texas

question 171

Multiple Choice

Josh Adams runs a large cattle farm in Texas.In order to take advantage of higher prices for beef in Europe compared to the United States,he has started selling cattle overseas by using an agent wholesaler who specializes in finding European customers for U.S.firms.He ships the cattle to Europe by water transport.Josh is involved in:

• A) exporting.
• B) management contracting.
• C) licensing.
• D) joint venturing.
• E) franchising.

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Definitions:

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Homeostasis

The ability of an organism or environment to maintain stability in response to changes.

Intrinsic Motivation

Motivation driven by an interest or enjoyment in the task itself, rather than relying on external pressures or rewards.

Drive Theory

A psychological theory that suggests human behaviors are motivated by internal drives that seek to reduce physiological needs.