Usually, It Is Reasonable to Assume That Foreign Law

question 49

Multiple Choice

Usually, it is reasonable to assume that foreign law:

• A) will be similar to U.S. law.
• B) will differ from U.S. law and must be understood.
• C) won't matter because you and your trading partner will agree to arbitrate.
• D) will be biased against the foreigner.
• E) will vary but that U.S. law will take precedence.

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Definitions:

Wage Incentive Plans

Various systems that link pay to performance on production jobs.

Restriction of Productivity

Any factor or practice that limits or hinders the efficiency and effectiveness of production processes, thereby reducing overall productivity.

Piece Rate

A payment method where employees are paid a fixed rate for each unit of production completed, rather than receiving a fixed salary.

Widgets

Generic term used for any hypothetical or generic product, often used in discussions or explanations about manufacturing or economics.