Which of the Following Statements About the Legal Systems of Countries

question 41

Multiple Choice

Which of the following statements about the legal systems of countries is true?

• A) They can affect the attractiveness of a country as an investment site or market.
• B) They are not influenced by the prevailing political system of the country.
• C) They are almost the same for all countries.
• D) They are of little importance to international business.

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Definitions:

Authorized Credit Limit

The maximum amount of credit that a financial institution permits a borrower to use under a line of credit.

Credit Card Charged

A financial transaction where a credit card holder authorizes the transfer of funds from their account to a merchant for payment of goods or services.

Tangible Property

Physical assets that can be seen, touched, and valued, such as real estate, equipment, and goods.

iPhone

A line of smartphones designed and marketed by Apple Inc., featuring a multi-touch interface, cellular connectivity, and a variety of applications.