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MATCHING
Part II Matching
Match each statement with the correct term below.a.Branch of public law created by agencies in the form of rules, regulations, orders, and decisions to carry out regulatory powers and duties.b.Part of private law dealing with rights and duties of individuals among themselves.c.A system of law based upon Roman law which depends upon comprehensive legislative enactments and the inquisitorial system of determining disputes.d.A system of law first developed in England that relies on the judiciary as a source of law and on the adversary system for settling disputes.e.Theory that actions must be judged by their motives and means as well as their results.f.The law establishing duties which, if violated, constitute a wrong against the entire community.g.Theory that society's rewards should be distributed based on market outcomes.h.A body of law based upon principles distinct from common law and providing remedies not available at law.i.A court order requiring a party to do or to refrain from doing a specified act.j.A general legal principle formulated by equity courts.k.Part of substantive law governing relationships among individuals and legal entities.l.Rules for enforcing rights.m.The law dealing with the relationship between government and individuals.n.Party bringing a civil action.o.An equitable remedy invalidating a contract by setting it aside.p.Theory that moral actions are those that produce the greatest net pleasure compared with net pain.q.A court order directing a party to perform a contractual duty.r.The principle found in common law systems that requires courts to apply rules decided in prior cases in deciding substantially similar cases.s.Basic law that creates rights and duties.t.Theory that actions must be judged by what individuals subjectively feel is right or wrong for themselves.
-libertarianism
Local Markets
Regional or community-based marketplaces where goods and services are traded, often influenced by local demand and supply.
Geocentric View
An outlook in international business where a company sees the entire world as a potential market and strives to develop products or services that appeal globally.
Transnational Strategy
A business approach that involves operating globally while remaining responsive to local needs and conditions.
Divestiture
Divestiture is the process of selling off or disposing of an asset or division of a company as a strategic business decision.
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