In Relation to Partnerships Between Local and Multinational Companies,what Is

question 4

Multiple Choice

In relation to partnerships between local and multinational companies,what is meant by the term "keiretsu"?

• A) A type of offshore partnership in which the strengths of outside firms is combined with those of firms in developing countries.
• B) A type of industrial district in which an attempt is made to encourage foreign investment.
• C) A group of businesses in which each individual business has a stake in the others.
• D) A partnership with one local and one multinational company in an information and communication technology project.
• E) An agreement between a local and a multinational company to equally share in profits and losses.

---

Definitions:

Organizational Socialization

The process by which new employees learn the norms, values, and required behaviors of an organization.

U.S. Workforce

The labor pool in the United States, encompassing all employed individuals across various sectors and industries.

Women or People of Color

Refers to individuals identified as female or those belonging to racial or ethnic groups that have historically been marginalized.

Layers of Organizational Culture

The different levels at which organizational culture manifests, including artifacts (visible elements like dress code), espoused values (organization’s stated values and rules), and underlying assumptions (unconscious, taken-for-granted beliefs).