Mountain Mining Company,a U

question 21

Multiple Choice

Mountain Mining Company,a U.S.firm,owns property in Bolivia.The government of Bolivia seizes the property for an illegal purpose without paying just compensation.This is

• A)confiscation.
• B)defalcation.
• C)dumping.
• D)expropriation.

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Definitions:

McDonaldization

Refers to the application of the rationalization principles of the fast-food industry to other sectors of society.

Rationalization

Is the application of the most efficient means to achieve given goals and the unintended, negative consequences of doing so.

Globalization

The process by which businesses, technologies, or philosophies spread throughout the world, leading to increased interconnectedness and interdependence among nations.

Glocalization

Is the simultaneous homogenization of some aspects of life and the strengthening of some local differences under the impact of globalization.