Which of the Following Statements Is True of Foreign Firms

question 25

Multiple Choice

Which of the following statements is true of foreign firms?

• A) They easily adjust to laws,regulations,and rules of host nations.
• B) They focus only on a firm's internal environment.
• C) They do not dominate nonnative markets.
• D) They are a close integration of countries and peoples of the world.

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Definitions:

Commercial Impracticability

A doctrine that allows parties to a contract to be excused from performing their obligations when unforeseen events make performance excessively difficult or costly.

Discharge

The completion, termination, or fulfillment of a legal duty, obligation, or debt.

Performance

The execution, accomplishment, or fulfillment of duties, contracts, or other obligations according to their terms.

Subjective Satisfaction

Involves a condition within certain contracts where the fulfillment of obligations is based on one party's personal or subjective approval.