GM and South Korea's Daewoo Group formed a joint venture which helped Daewoo improve its competitiveness. The venture was terminated since Daewoo prevented the import of GM cars to Korea

Which of the following is true of an employer-employee relationship?

A) An employee has implied power of attorney towards the principal. B) An employee has authority to act on behalf of the principal. C) An employee can enter into contracts on behalf of the employer. D) An employee is hired to perform a physical task or service.

What advantage associated with joint ventures was Samsung attempting to exploit when the formed a joint venture with Sony to make flat-panel televisions to learn how to make better displays than the versions it used in cell phones?

a. help companies to improve their efficiency b. establish technical standards c. help companies to learn new capabilities d. reinforce market power