Which of the Following Statements Is True About the Degree

question 14

Multiple Choice

Which of the following statements is true about the degree of government participation in international markets?

• A) Worldwide governments are increasing their involvement in the market as the level of privatisation slows.
• B) Selling to government authorities is the same as selling to private sector organisations.
• C) Government ownership of a company may preclude foreigners from selling a competing product.
• D) Options A, B and C are true.
• E) Options B and C are true.

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Definitions:

Subagent

An agent appointed by another agent with the original principal's authorization, typically to help perform some duty or function.

Apparent Authority

The appearance or assumption of authority based on the actions or representations of the principal.

Misrepresented Warranty

A false or misleading statement about the condition or functionality of a product that can lead to a breach of warranty claim.

Respondeat Superior

A legal doctrine that holds an employer liable for the actions of an employee when the actions occur within the scope of employment.