When a Firm Is a Virtual Corporation, It Acts Primarily

question 194

True/False

When a firm is a virtual corporation, it acts primarily as a producer-and leaves it to another firm to coordinate functions such as marketing, finance, and human resources.

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Definitions:

Quantitative Restriction

A limit on the importation of certain goods that is imposed on the basis of number of units, weight, or value for national economic reason, or for the protection of domestic industry; prohibited by GATT.

Forum Non Conveniens

A legal doctrine allowing courts to dismiss a case if another court or forum is more suited to hear the case, usually due to convenience factors.

Personal Jurisdiction

Refers to a court's authority over the parties involved in a legal case.

Specific Personal Jurisdiction

A doctrine permitting adjudication of a claim against a defendant only if the defendant purposely availed himself or herself of the protections of the forum and if the selected forum is reasonable.