A Creditor

question 102

Multiple Choice

A creditor

• A) provides financial resources to a business in exchange for an ownership interest.
• B) provides labor resources to a business.
• C) lends financial resources to a business.
• D) is a resource user.

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Definitions:

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Domestic Firm

A company that operates primarily within the borders of its home country, focusing on the production and sale of goods and services to local customers.

Foreign Company

A business entity that is incorporated in a country other than the one in which it operates or conducts its primary business activities.

Exporting

The act of selling goods or services produced in one country to buyers in another country.