Shana is considering forming a partnership with a Dutch corporation that will create an entirely new company called Half Moon. What kind of enterprise will Half Moon be?
A) a multidomestic corporation
B) a foreign subsidiary
C) a joint venture
D) a domestic subsidiary
Answer: C
Explanation: A partnership that creates an entirely new company is a special type of strategic alliance called a joint venture. In a foreign or domestic subsidiary and a multidomestic corporation, the original corporation maintains control of the branches, which is not the case with this joint venture.
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a. linear explanation. b. verbose explanation. c. nonlinear explanation. d. why explanation.
Actual authority includes both expressed authority and implied authority
Indicate whether the statement is true or false