A(n)_________ Is a Government Action,usually Consisting of a Specific Measure

question 29

Multiple Choice

A(n) _________ is a government action,usually consisting of a specific measure that distorts the free flow of trade for an adversarial or political purpose rather than an economic one.

• A)sanction
• B)embargo
• C)tariff
• D)boycott
• E)export license

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Definitions:

Limited Partners

Investors in a partnership who are not involved in the day-to-day management of the business and whose liability is limited to the amount they have invested.

Insanity

When a person cannot understand the nature or consequences of his acts.

Court Order

A formal declaration made by a court that mandates or forbids certain actions by one or more parties.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.