Confiscation Differs from Domestication in That Confiscation

question 5

Multiple Choice

Confiscation differs from domestication in that confiscation:

• A) does not involve transfer of ownership from the foreign firm to the host country.
• B) offers compensation in the form of local, nontransferable currency.
• C) does not provide compensation to the foreign firm.
• D) provides compensation on the book value of the firm.

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Definitions:

Stamp Act Congress

A meeting of delegates from several American colonies in 1765, formed to protest the British Stamp Act and organize resistance.

Declaratory Act

A law passed by the British Parliament in 1766 stating that the British government had the same power to tax and make laws for the American colonies "in all cases whatsoever" as it did in Britain.

Stamp Act

Parliament’s 1765 requirement that revenue stamps be affixed to all colonial printed matter, documents, and playing cards; the Stamp Act Congress met to formulate a response, and the act was repealed the following year.