The Type of Corporation Where There Is a Conscious Belief

question 22

Multiple Choice

The type of corporation where there is a conscious belief that only host country managers can ever really understand the culture and behaviour of the host country market is known as a(n)

• A)homocentric business.
• B)multicentric corporation.
• C)geocentric organization.
• D)polycentric corporation.
• E)ethnocentric organization.

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Definitions:

Trust

An arrangement in which title to property is held by one person (a trustee) for the benefit of another (a beneficiary).

Grantor

The person or entity that creates a trust and transfers property into it, or someone who grants or conveys a legal right.

Living Will

A document that allows a person to control the methods of medical treatment that may be used after a serious accident or illness.

Long-term Improvements

Enhancements or upgrades to property or assets that are expected to provide benefits over a period exceeding one year.