If the Executives of the U

question 2

Multiple Choice

If the executives of the U.S.silicon chip industry lobby Congress for protection from imports on the grounds that theirs is a new industry that needs time to develop technological efficiency,they are using the _____ argument.

• A)environmental standards
• B)infant industry
• C)cheap foreign labor
• D)national security

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Definitions:

Dividends

Payments made by a corporation to its shareholders, usually derived from profits.

Two-Tier Board

A corporate board structure consisting of two separate boards: the supervisory board and the management board, each with distinct responsibilities.

Corporate Veil

A legal concept that separates the personal liability of company owners, shareholders, and officers from that of the corporation itself.

Commingled

Mixed together without any clear separation, especially referring to funds or assets.