Which of the following describes a turnkey project?
A)granting rights to intangible property to other firms
B)establishing firms that are jointly owned by two or more otherwise independent firms
C)exporting process technology to other countries
D)setting up wholly owned subsidiaries in foreign nations
E)selling products produced in one country to residents of other countries

Question

Quizplus · Accepted Answer

A turnkey project is a project where the contractor is responsible for designing, building, and handing over a completed facility to the client who can simply "turn the key" and begin using it. Exporting process technology to other countries can be considered a turnkey project as the exporting firm is responsible for providing a complete package of technology and equipment to the client.

Which of the Following Describes a Turnkey Project