Jackson Owns a Business in a Foreign Country That Is

question 52

Multiple Choice

Jackson owns a business in a foreign country that is considered "friendly" with the U.S.but which has significant political unrest.Jackson is uneasy about the situation in the country.He is concerned that his business could be the subject of a taking by the foreign country or losses due to civil unrest.What advice would you give him?

• A) He should seek insurance through the Foreign Insurance Services Company, a privately run insurance company specializing in foreign risk.
• B) He should do nothing at the present, but seek reimbursement through the U.S.government should losses be incurred.
• C) He should seek insurance through the Overseas Private Investment Corporation, a U.S.government agency specializing in providing insurance for foreign risk.
• D) He should sell the company and leave the country because insurance is not available

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Definitions:

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The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among countries.

Charles Horton Cooley

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The act of presenting art in front of an audience, such as acting, dancing, singing, or playing musical instruments.