Question

1; A firm that establishes a direct investment in a foreign country through a co-ownership arrangement that pools resources, shares risks, and shares control of business operations is engaging in ___.

A; a licensing agreement
B; a franchise
C; a joint venture
D; an equity alliance
E; outsourcing

2; ___ is the failure to include key persons in the strategic planning effort.

A; Corporate governance
B; Goal displacement
C; The lack of participation error
D; The lack of substance error
E; Conflict avoidance

3; Failures of process in strategic planning include ___.

A; the lack of participation error
B; inadequate resource allocation
C; goal displacement
D; a and b
E; a and c

Answer 1

1.

Correct answer is C. A joint venture

A firm that establishes a direct investment in a foreign country through a co-ownership arrangement that pools resources, shares risks, and shares control of business operations is engaging in a joint venture

2. Correct answer is C; The lack of participation error

The lack of participation error is the failure to include key persons in the strategic planning effort

3. Correct answer is E; a and c

Failures of process in strategic planning include the lack of participation error and goal displacement