Parent companies use the IJV control process in order to ensure that the management of the joint venture conforms to ________.
A)international accounting standards
B)qualitative standards
C)its own interests
D)industry standards

Question

Quizplus · Accepted Answer

Parent companies use the IJV control process in order to ensure that the management of the joint venture conforms to its own interests, such as achieving strategic goals or maximizing profits. They want to maintain control over the joint venture's decision-making processes to ensure their interests are being represented. While international accounting and industry standards may be important considerations, they are not the primary goal of the IJV control process. Qualitative standards may also be important, but they are not the sole focus of the process.

Parent Companies Use the IJV Control Process in Order to Ensure