Which of the Following Describes a Company Hiring a Foreign

question 166

Multiple Choice

Which of the following describes a company hiring a foreign firm to produce a designated volume of its product to specification?

• A) Licensing
• B) Contract manufacturing
• C) Exporting
• D) Importing
• E) Direct investment

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Definitions:

Tent

A portable shelter made of cloth, supported by one or more poles and often stretched tight by cords or loops attached to pegs driven into the ground.

Tape-Recorded Sound

Audio that has been recorded and stored on magnetic tape, which can be played back through a tape player or recorder.

Bilingual Children

Children who have the ability to understand and use two languages, often acquired through their upbringing in a household or environment where two languages are spoken.

Cognitive Flexibility

The mental ability to switch between thinking about two different concepts, or to think about multiple concepts simultaneously.