In Terms of the Global Marketplace,there Are Three Primary Types

question 164

Multiple Choice

In terms of the global marketplace,there are three primary types of companies: ________ firms,multinational firms,and transnational firms.

• A)worldwide
• B)conglomerate
• C)intercontinental
• D)international
• E)cosmopolitan

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Definitions:

Positive Externalities

Benefits experienced by third parties or society at large from an economic transaction, such as improved public health or education levels, not reflected in market prices.

Subsidies

Financial support from the government to businesses, individuals, or other governmental bodies to encourage or maintain an activity that has a public good.

Liability Rules

Legal principles that determine how the responsibility for damages or losses is allocated among parties in legal disputes.

Pollution

The occurrence or entry of harmful or toxic materials into the environment.