A Trend That Has Been Reinforced by Many Developing Countries

question 42

Multiple Choice

A trend that has been reinforced by many developing countries is privatization. Privatization refers to

• A) purchasing large companies and turning them into state-owned enterprises.
• B) investing government money in large, privately-owned companies.
• C) exchanging bonds for shares in state-owned enterprises.
• D) selling large state-owned enterprises to private owners in the financial sector.
• E) selling large state-owned enterprises to private owners in key areas such as electricity, telecommunications, or petroleum.

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Definitions:

Nonwrongfully Dissociated

Pertaining to partners or members leaving an entity like a partnership or limited liability company under conditions that do not violate the agreement or law.

Extraordinary Decision

A decision that goes beyond normal or routine operations, often requiring a higher level of authority or consent within an organization.

Unanimous Partner

This term likely relates to the requirement in some partnership agreements that all partners must agree on certain decisions, although it is not a standard legal term.

Firm's Goodwill

An intangible asset representing the value of a business's brand, customer base, and reputation beyond its tangible assets.