One Drawback of Relying on EMCs Is That

question 1

Multiple Choice

One drawback of relying on EMCs is that:

• A)they are not conversant with the ins and outs of the exporting process.
• B)they have no knowledge of different business mores.
• C)the company can fail to develop its own exporting capabilities.
• D)the company is unable to avoid common pitfalls.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with certain tasks, typically related to financial management or care.

Corporation

A corporation is a legal entity that is separate and distinct from its owners, providing limited liability to its shareholders, and possessing the ability to own property, enter contracts, and sue or be sued.

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation.

Derivative-Action Provisions

Legal guidelines that allow a minority shareholder to sue or take legal action on behalf of a corporation, typically to redress harm done to the company.