Complete Question:
A(n) ________ involves a firm in one country agreeing to operate facilities for a firm in another country for an agreed fee.
Group of answer choices
A) franchising agreement
B) licensing agreement
C) management contract
D) indirect investment
Answer:
C) management contract
Explanation:
A management contract involves a firm in one country agreeing to operate facilities for a firm in another country for an agreed fee.
In Business, management contract can be defined as a legal or legitimate written agreement which enables a separate business, as well as perform the necessary managerial functions such as coordination and oversight functions on its behalf but in return for an agreed upon fee.
