What Is an International Consortium

question 40

Multiple Choice

What is an international consortium?

• A) the ownership of a company by a government and a foreign company
• B) an agreement signed by most governments to protect intellectual property rights
• C) an international joint venture owned by at least three organizations
• D) an agreement between two or more governments to provide for reciprocal foreign investment protection

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Definitions:

Treasurer Liability

The financial responsibilities borne by the treasurer of an organization, including managing funds and financial risk.

Warranties

Legally binding promises or guarantees about the state or quality of a product or service, provided by the seller.

Presentment

The act of formally presenting a document, such as a check or bill of exchange, for acceptance or payment.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.