Many MNCs Involved in Extractive/natural Resources Industries

question 43

Multiple Choice

Many MNCs involved in extractive/natural resources industries

• A)tend to directly own oil fields, mine deposits, and forests.
• B)tend to lease their oil fields, mine deposits, and forests.
• C)tend to partner with local firms, leveraging their intangible assets.
• D)none of the above

Identify the legal repercussions of intoxication and mental impairment on contractual capacity.

Understand the concept of emancipation and its impact on a minor’s capacity to contract.

Comprehend the role of necessaries in contracts with minors.

Grasp the legal age of majority for contracting and its exceptions.

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Definitions:

Informal Economy

Economic activities that occur outside of formal regulatory frameworks, often characterized by small-scale, self-employed or casual jobs that are not recognized by official labor laws or taxes.

Flexible/Integrated Pattern

Approaches or systems that are adaptable and incorporate a variety of elements or structures, often in response to changing conditions or diverse needs.

Division Of Labor

The allocation of different tasks and responsibilities to different individuals or groups in a society, organization, or production process to increase efficiency.

Horticulture

The cultivation of crops in food gardens, carried out with simple hand tools such as digging sticks and hoes.