A project in which a firm agrees to set-up an operating plant for a foreign client and hand over the plant when it is fully operational is referred to as a:
A)merger.
B)turnkey project.
C)franchising project.
D)joint venture.

Question

Quizplus · Accepted Answer

In a turnkey project,the contractor agrees to handle every detail of the project for a foreign client,including the training of operating personnel.At completion of the contract,the foreign client is handed the "key" to a plant that is ready for full operation-hence,the term turnkey.

A Project in Which a Firm Agrees to Set-Up an Operating