ConFab Has Given Its Foreign Subsidiaries the Latitude to Make

question 87

Multiple Choice

ConFab has given its foreign subsidiaries the latitude to make decisions as appropriate in their regions of the world. ConFab would best be characterized as

• A)an international corporation.
• B)a multidomestic corporation.
• C)a transnational corporation.
• D)a global enterprise.

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Definitions:

Agent's Torts

Refers to wrongs committed by an agent acting on behalf of a principal that can lead to liability for the agent and potentially the principal.

Principal

The main party to a transaction or contract, often distinguished from an agent who acts on behalf of a principal.

Liability

An obligation, either legal or financial, that an individual or entity is required to fulfill towards another party.

Exclusive Easement

A property right that grants the holder the exclusive use of a portion of another's real property for a specified purpose.