In Terms of the Global Marketplace There Are Three Primary

question 158

Multiple Choice

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

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

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Definitions:

Marxian

Related to the theories and writings of Karl Marx, especially with respect to his analysis of society, politics, and economics.

Capitalist Economy

An economic system where trade, industries, and the means of production are largely or entirely owned and operated by private individuals or businesses aiming for profit.

Diametrically Opposed

Completely opposite or contradictory; indicating two things that are as different from each other as possible.

Conflict Theory

A theoretical framework in sociology that emphasizes the role of power differentials and social conflicts in contributing to social inequality and change.