Compare Each of the Following to Determine Which One Accurately

question 86

Multiple Choice

Compare each of the following to determine which one accurately describes a joint venture.

• A)a contractual arrangement in which a fee is paid to have the right to open a business using the parent company's business name and to receive marketing and operational support
• B)an arrangement where a domestic firm partners with a foreign company to create a new entity,thus allowing the domestic firm to enter the foreign company's market
• C)a legal process in which one firm pays to use or distribute another firm's resources,including products,trademarks,patents,intellectual property,or other proprietary knowledge
• D)a contractual arrangement where a foreign firm agrees to manufacture products for a domestic firm
• E)an arrangement in which a domestic firm actively manages a foreign company or overseas facilities

---

Definitions:

Mature Person

An individual who demonstrates emotional and psychological stability, responsible behavior, and the ability to make reasoned decisions based on experience.

Procedural Justice

The fairness and transparency of the processes that lead to outcomes or decisions, emphasizing the way decisions are made rather than the outcomes themselves.

Moral Philosophy

The branch of philosophy concerned with discussing what is morally right and wrong, and why human actions and intentions are evaluated as good or evil.