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.

---

Definitions:

Aqueous Solution

A solution where water is the solvent.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, composed of hydrogen and oxygen, vital for all known forms of life.

Simple Epithelium

A single layer of cells that forms the lining of various organs and structures within the body, involved in absorption, secretion, and filtration.

Simple epithelium

A single layer of cells that forms the lining of various organs and body cavities, involved in absorption, secretion, and filtration.