Globalization of Resource Markets Has Resulted in the Business Practice

question 198

Multiple Choice

Globalization of resource markets has resulted in the business practice of offshoring, which involves

• A)only an outflow of jobs away from the U.S.
• B)no possible expansion of jobs in the U.S.
• C)huge losses to consumers in the U.S.
• D)both an outflow as well as an inflow of jobs in the U.S.

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Definitions:

Assignee

An individual or entity to whom rights or interests have been transferred by another.

Parol Evidence

A rule that prohibits the admission of oral or extrinsic evidence to contradict, vary, or add to the terms of a written contract.

Assignor

The party in a contract who transfers rights or interests to another, known as the assignee.

Obligee

A contractual party who agreed to receive something from the other party.