Q8. A joint venture can be defined as

a. Two firms collaborate together on a specific project

b. One firm licenses its intellectual property to another firm

c. Two firms merge together

d. To firm come together to form a third legally separate firm

Q9. The word tactics is most likely to be associated with

a. Business strategy

b. Corporate strategy

c. Operational strategy

d. all of above

Q10. Corporations initiatives to assess and take responsibility for the companys effects on environment and social wellbeing is

a. Corporate business responsibility

b. Corporate social responsibility

c. Corporate general responsibility

d. Corporate major responsibility

Q11. Traditionally business considered their social responsibility is to

a. Provide goods and services to society

b. Maximize corporate profit

c. Create job opportunities

d. All of the above

Q12. Corporate governance is the system of rules, practices and process by which

a. A firm is established

b. A firm is directed and controlled

c. A firm earns introduce new product

d. All of the above

Q13. Buying another company by one company means

a. Joint venture

b. Acquisition

c. Amalgamation

d. Merger

Q14. Selling of a company asset in parts of their tangible worth is called:

a. Divestiture

b. Concentric diversification

c. Liquidation

d. Unrelated integration

Q15. Strategy implementation is the process by which strategies are put into action through the development of

a. Program

b. Budget

c. Procedure

d. All of the above