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41) Yangyang has been hired by an organization that has a partnership with a foreign company. Both the partners share resources and knowledge while developing new products. Yangs organization has formed a ________. A) licensing company B) franchising company C) strategic alliance D) foreign subsidiary 42) A(n) ________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose. A) equity strategic alliance B) joint venture C) global venture D) nonequity strategic alliance 43) Joint ventures are a type of ________. A) licensee B) franchisee C) foreign subsidiary D) strategic alliance 44) A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country constitute a ________. A) franchising agreement B) joint venture C) foreign subsidiary D) brokering agreement 45) Which of the following is a method that companies might adopt in order to increase their direct foreign investment? A) exporting B) global sourcing C) strategic alliances D) licensees 46) Which of the following arrangements involves the greatest commitment of resources and poses the greatest amount of risk? A) exporting B) franchising C) foreign subsidiary D) global sourcing 47) A ________ economy is one in which resources are primarily owned and controlled by the private sector. A) free market B) planned C) command D) technocratic 48) ________ is a cultural dimension in which people expect others in their group to look after them and protect them. A) Low uncertainty avoidance B) Achievment C) Collectivism D) High power distance 49) A country with ________ is comfortable with risks and is tolerant towards different behavior and opinions. A) low uncertainty avoidance B) short-term orientation C) low power distance D) performance orientation 50) A country that is assertive, believes in acquiring money and goods, and is competitive in nature is said to ________. A) be a