To Minimize Its Own Risks, the Boomtown Petroleum Corp

Multiple Choice

To minimize its own risks, the Boomtown Petroleum Corp. of Houston, Texas, operates a South American oil refinery that is owned by residents of that country. Boomtown is engaged in an activity known as:

A) management contracting.
B) a joint venture.
C) exporting.
D) licensing.
E) direct investment.