To Minimize Its Own Risks, the Boomtown Petroleum Corp

question 67

Multiple Choice

To minimize its own risks, the Boomtown Petroleum Corp. of Houston, Texas, operates a South American oil refinery that is owned by residents of that country. Boomtown is engaged in an activity known as:

• A) management contracting.
• B) a joint venture.
• C) exporting.
• D) licensing.
• E) direct investment.

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Definitions:

Academic Achievement

Success in educational settings, often measured by grades, test scores, or the completion of educational goals.

Conventional Moral Reasoning

The second level of Kohlberg’s theory in which moral decisions are based on conforming to social rules.

Preconventional Moral Reasoning

The first level in Kohlberg’s theory of moral development, where behavior is guided by consequences, including rewards and punishments, rather than by societal standards or ethical principles.

Autonomous Morality

Piaget’s second stage of morality in which children have a more flexible view of rules as they begin to value fairness and equality and account for factors like act, intent, and situation.