In Terms of the Global Marketplace,there Are Three Primary Types

question 121

Multiple Choice

In terms of the global marketplace,there are three primary types of companies: international firms,________ firms,and transnational firms.

• A)large-scale
• B)conglomerate
• C)intercontinental
• D)cosmopolitan
• E)multinational

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Definitions:

Self-Dealing

Any instance in which directors or officers make decisions that violate their corporate duty of loyalty.

Duty of Loyalty

An agent’s obligation to act in the interest of the principal.

Fifth Amendment

An amendment to the US Constitution that provides several rights to individuals, including protection against self-incrimination and double jeopardy.

Defective Corporation

A corporation about which an error or omission was made during its incorporation process.