Joint ventures are successful, however they can be risky. This is because joint ventures:
a. consist of partners who sometimes cannot agree on management policies.
b. depend heavily on contract manufacturing.
c. are void of government interference.
d. are very different from licensing agreements.
ANSWER: a
In an international joint venture, the domestic firm buys part of a foreign company or joins with a foreign company to create a new entity. While joint ventures can be successful, they can also be very risky. Many fail, and others fall victim to a takeover in which one partner buys out the other. Sometimes joint ventures partners simply cannot agree on management strategies and policies.
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Holly Corp. engaged Yost & Co., CPAs, to audit the financial statements to be included in a registration statement Holly was required to file under the provisions of the Securities Act of 1933. Yost failed to exercise due diligence and did not discover the omission of a fact material to the statements. A purchaser of Holly's securities may recover from Yost under Section 11 of the Securities Act of 1933 only if the purchaser
A. Brings a civil action within 1 year of the discovery of the omission and within 3 years of the offering date. B. Proves that the registration statement was relied on to make the purchase. C. Proves that Yost was negligent. D. Establishes privity of contract with Yost.
Which of the following will make you appear to be sincere and confident, while allowing you to get positive reinforcement from the audience?
A) Visualizing success B) Knowing your subject C) Remembering to breathe D) Maintaining eye contact E) Concentrating on the message and audience, not on yourself