1. A joint venture may be

A. a corporate entity formed between an international firm and local owners.

B. a corporate entity acquiring a local business.

C. a legal undertaking to mentor a developing company's personnel.

D. a shared effort to research consumer taste.

2. According to the text, companies controlled by other companies, but less-than-majority owners may exercise control by a variety of means, both those involving stock ownership and those involving nonownership mechanisms, are known as:

A. international companies.

B. affiliates.

C. virtual organizations.

D. networked organizations.

E. subsidiaries.