A ________ gives a foreign company the rights to manage the daily operations of a business but not to make decisions regarding ownership, financing, policy, or strategy.
A) licensing agreement
B) management contract
C) turnkey operation
D) contract manufacturing agreement

Question

Quizplus · Accepted Answer

A management contract is an agreement where a company gives operational control of a business to another entity, while retaining ownership and ultimate decision-making authority. The foreign company is responsible for daily management decisions but the original owner retains control over strategic decisions.

A ________ Gives a Foreign Company the Rights to Manage