________ Occurs When a Government Demands for Partial Transfer of Ownership

question 55

Multiple Choice

________ occurs when a government demands for partial transfer of ownership and management responsibility from a foreign company to local entities,with or without compensation.

• A)Confiscation
• B)Patriotism
• C)Expropriation
• D)Domestication
• E)Extortion

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Definitions:

New Technology

The latest advancements or innovations in technology that offer improved solutions or efficiency.

Service Sector

A segment of the economy that provides intangible goods or services to consumers, including retail, healthcare, and financial services.

Labour-intensive

Describing a process or industry that requires a large amount of manual work relative to capital or machinery.

Skilled Labour

Refers to workers who have specialized training or skills, typically acquired through education or on-the-job experience, necessary for performing specific tasks or jobs.