Techni Asset, a Software Corporation Based in the United States

question 115

Multiple Choice

Techni Asset, a software corporation based in the United States, used to operate from several countries with lower labor costs. When the firm started to incur high costs of production in the foreign countries and received complaints and criticisms about the loss of local jobs, the firm decided to return to its home country. This change made to the firm's global strategy is an example of _____.

• A) offshoring
• B) outsourcing
• C) nationalization
• D) privatization
• E) reshoring

Analyze the impact of price controls, such as ceilings and floors, on market equilibrium.

Identify and understand methods of nonprice rationing in the market.

Recognize the role of supply and demand in setting market prices and quantities.

Explain the conditions under which black markets may arise and their characteristics.

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Definitions:

Trait

A stable characteristic or quality of an individual that influences thoughts, actions, and feelings, consistently exhibited across various situations.

Genetic Variation

Refers to the diversity in gene frequencies within a population, resulting from mutations, genetic recombination, and other sources of genetic change.

Reaction Range

The concept that an individual's genetic makeup sets a range of potentialities, and the environment determines how much of this potential is achieved.

Genetically Determined

Attributes or characteristics that are passed from parents to offspring through genes.