Answer the following statement(s) true (T) or false (F)
1. The international joint venture organization is a single organization with a need to coordinate its
operations across multiple environments.
2. A recently emerged international organizational form is that of collaborative alliances with foreign
firms including informal cooperative alliances, formal cooperative alliances, and international joint
ventures.
3. The multinational organization is a form of collaborative alliance with foreign firms that creates
separate legal entities with joint ownership.
4. Informal organizational structure limits the choices that organization members have about how they
perform their jobs and also constrain and place demands on their behavior.
5. Because employers can never specify all the terms and conditions of the employment relationship,
individuals supplement this information by forming what is called their psychological contract.
1. false
2. true
3. false
4. false
5. true
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Minority interest is reported as a(n)
a. current liability on the consolidated balance sheet. b. asset on the consolidated balance sheet. c. revenue item on the consolidated income statement. d. separate item between liabilities and stockholders' equity on the consolidated balance sheet.
The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called a
A) ledger B) trial balance C) account D) balance sheet
A(n) ________ is a business firm operating branches, subsidiaries, or joint ventures in two or more states
A. multinational enterprise B. economic consultative association C. for-profit NGO D. intergovernmental organization
A design defect will support the imposition of liability on a strict product liability basis
Indicate whether the statement is true or false