When a Government Demands Partial Transfer of Ownership and Management

question 45

Multiple Choice

When a government demands partial transfer of ownership and management responsibility and imposes regulations to ensure that a large share of the product is locally produced and a larger share of the profit is retained in the country, this is called:

• A)bribery.
• B)generalisation.
• C)domestication.
• D)pinpointing.

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Definitions:

Secondary Promise

A guarantee or promise that is auxiliary or supplementary to a primary promise in a contractual agreement.

Primary Promise

A fundamental obligation in a contract that is central to the agreement's purpose.

Admission Exception

A legal principle allowing statements by a party to be used as evidence against them, typically in a court of law.

Statute of Fraids

Likely intended to refer to the "Statute of Frauds," which is a legal concept requiring certain types of contracts to be in writing to be enforceable.