An Arrangement in Which One Firm Contracts with Another Firm

question 45

Multiple Choice

An arrangement in which one firm contracts with another firm to produce products to its specifications but assumes responsibility for marketing is:

• A) a license.
• B) a franchise.
• C) a management contract.
• D) contract manufacturing.
• E) a turnkey project.

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Definitions:

Union

An organization of workers formed to protect and advance their rights and interests; a labor union.

Office of Federal Contract Compliance Programs

The Office of Federal Contract Compliance Programs (OFCCP) is a U.S. government agency responsible for ensuring that employers doing business with the Federal government comply with the laws and regulations requiring nondiscrimination and affirmative action.

Affirmative Steps

Proactive measures taken to ensure compliance with a legal requirement or to address an issue before it escalates into a problem.

Handicapped People

Individuals experiencing limitations or disabilities that affect their ability to perform certain activities or participate fully in society.