A Turn-Key Project Is Best Defined As

question 33

Multiple Choice

A turn-key project is best defined as: 

• A) a method of doing business whereby a foreign entrepreneur supplies the manufacturing technology or infrastructure for a business and then turns it over to local owners
• B) giving a foreign manufacturer the right to use a patent in return for the payment of a royalty
• C) a method in which an entrepreneur contracts his or her management techniques and skills to a (foreign) purchasing company
• D) a form of direct foreign investment in which the investing entrepreneur holds a minority ownership position in the foreign venture

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Definitions:

Referred Committee

A legislative body or group to which a proposal, such as a bill or resolution, is sent for consideration or further action.

House or Senate

Two main chambers of the United States Congress, with the House of Representatives and the Senate responsible for making federal laws.

Mandated Laws

Regulations or statutes enacted by legislative bodies that require individuals or organizations to perform specific actions.

Congress

The legislative body of the United States government, consisting of two houses: the Senate and the House of Representatives, responsible for making laws.