Privatization Is the

question 19

Multiple Choice

Privatization is the

• A)process of turning private enterprises into public enterprises
• B)the same as nationalization
• C)process of turning public enterprises into private enterprises
• D)process of turning state-owned enterprises into public enterprises
• E)process of turning sole proprietor enterprises into corporate enterprises

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Definitions:

Cherry Wood

A type of hardwood commonly used in furniture, cabinetry, and other woodworking projects.

Breach

The violation of a law, obligation, tie, or standard, often referring to the breaking of a rule or agreement in a contract.

Reasonable Time

A legal concept that refers to a time span which is fair and appropriate under the circumstances for performing a contractual obligation or duty.

Warranty of Title

A guarantee in a sales contract that the seller has the legal right to transfer ownership and that there are no undisclosed encumbrances against the property or goods.