Which of the Following Statements About the Legal Systems of Countries

question 35

Multiple Choice

Which of the following statements about the legal systems of countries is NOT true?

• A) They can affect the attractiveness of a country as an investment site or market.
• B) They are influenced by the prevailing political system of the country.
• C) They are almost the same for all countries.
• D) They are of immense importance to international business.

---

Definitions:

Cash Sales

Transactions where goods or services are paid for with cash or its equivalent at the time of sale, without delay.

Credit Sales

Sales made by a business where the payment is received after the service or product has been delivered.

Commercial Paper

Unsecured, short-term promissory notes of large firms, usually issued in denominations of $100,000 or more and having an interest rate of somewhat below the prime rate.

Credit Quality

An assessment of the creditworthiness of a borrower, reflecting their ability to repay debt.