What Is the Major Reason Behind the Failure of American

question 21

Multiple Choice

What is the major reason behind the failure of American MNCs to completely dominate the European markets as predicted by Servan-Schreiber?

• A) The resurgence of competition for U.S. businesses from all over the world
• B) The elimination of import taxes in the European countries
• C) The restructuring of U.S industries
• D) The decadence of communism
• E) The dissolution of colonial powers

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Definitions:

Incorporated

The process by which a business is legally declared a corporate entity, separate and distinct from its owners, with its own rights and liabilities.

In Personam Jurisdiction

The legal authority of a court to require a person to appear before it and to subject that person to its decisions.

In Rem Jurisdiction

A legal principle concerning the power a court has over an object or status rather than over a person, often used in property disputes.

Attachment Jurisdiction

A type of jurisdiction that allows a court to seize a defendant's property to satisfy a potential judgment before the court has made a decision on the merits of the case.