Which of the Following Is Considered a Primary Type of International

question 68

Multiple Choice

Which of the following is considered a primary type of international business?

• A)Domestic production
• B)Management contracts
• C)Franchising
• D)Licensing
• E)Export-import trade

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Definitions:

Unsecured Creditors

Creditors who have lent money without any specific collateral, standing at a higher risk in case of the debtor's bankruptcy.

Bankruptcy Petition

A formal request filed in court by an entity or individual seeking relief from their debts under the laws of bankruptcy.

Unsecured Liabilities

Obligations or debts of a company that are not backed by collateral, making them riskier for lenders.

Priority

The established precedence or importance assigned to a task, project, or obligation, influencing the order or sequence of actions.