32. A joint venture may be A. a corporate entity formed between an international

Question

32. A joint venture may be

A. a corporate entity formed between an international firm and local owners.

B. a corporate entity acquiring a local business.

C. a legal undertaking to mentor a developing company's personnel.

D. a shared effort to research consumer taste.

25. According to the text, companies controlled by other companies, but less-than-majority owners may exercise control by a variety of means, both those involving stock ownership and those involving nonownership mechanisms, are known as:

A. international companies.

B. affiliates.

C. virtual organizations.

D. networked organizations.

E. subsidiaries.

Explanation / Answer

32. A. A Joint Venture is a corporate entity formed between an international firm and local owners (This is a one type of JV)

25. B. These type of companies are called affiliates.

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