International Business Is Often Defined to Include

question 43

Multiple Choice

International business is often defined to include:

• A) business transactions that involve two or more countries
• B) the movement of services, capital, and personnel across national boundaries
• C) the transactions of multinational firms
• D) business transactions that involve two or more countries and the movement of services, capital, and personnel across national boundaries
• E) business transactions that involve two or more countries and the movement of services, capital, and personnel across national boundaries and the transactions of multinational firms

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Definitions:

Obligee

A party who is entitled to receive a benefit or performance from another under the terms of a contract.

Assignee

An individual or entity to whom rights or interests have been transferred by another, especially in contractual or legal contexts.

Obligor's Performance

The execution of duties or fulfillment of obligations by the party (obligor) that is bound by a contractual agreement to provide a service, payment, or benefit to another party.

Life Insurance

A contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.