___ Is a Form of International Business Through Which a Foreign

question 84

Multiple Choice

___ is a form of international business through which a foreign company pays a fee for the rights to manufacture or sell another firm's products in a specified region.

• A) A franchise
• B) A joint venture
• C) A strategic alliance
• D) A licensing agreement
• E) Outsourcing

Identify the influence of societal and cultural norms on ethical behavior.

Understand the concept of social responsibility and its application in business.

Comprehend the impact of intellectual property laws on ethical business conduct.

Recognize the importance of being informed as a consumer and understand the principle of caveat emptor.

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Definitions:

Ethical Lapse

A clearly unethical choice.

Transparency

The practice of being open, honest, and straightforward about various activities, ensuring accessibility of information to stakeholders.

Communicating Openly

The practice of sharing information, thoughts, and feelings in an honest and transparent way.

Ethical Auditing

The process of evaluating a company's operations, policies, and procedures to ensure they align with ethical standards and practices.