In 1998,the Federal Budget

question 88

Multiple Choice

In 1998,the federal budget

• A) set a record for deficit spending.
• B) was one-third smaller than it had been six years earlier.
• C) saw its first surplus in thirty years.
• D) had paid off the national debt.
• E) had cut military spending in half from its Cold War peak.

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Definitions:

Political Risk

The risk of losing assets, earning power, or managerial control as a result of political actions or instability in the country of operation.

Greenfield Investment

Direct investment in new facilities or the expansion of existing facilities in a foreign country, starting from scratch.

Global Sourcing

Global sourcing is the practice of sourcing goods and services from the global market, capitalizing on global efficiencies such as cheaper labor or raw materials.

Antitrust Issues

Legal matters related to regulations that prevent monopolies and promote competition among businesses.