In Order to Expand Their Exporting Activities, Many Japanese Firms

question 45

Multiple Choice

In order to expand their exporting activities, many Japanese firms rely on giant general trading companies known as _________________________.

• A) keiretsus
• B) chaebols
• C) sogonets
• D) sogoshoshas
• E) akimonos

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Definitions:

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable. This can happen due to factors like market inefficiencies, taxes, or subsidies.

Corporation's Owners

Individuals or entities that hold shares of stock in a corporation, giving them ownership rights and interest in the company's profitability and governance.

Tax Collector

An official or entity responsible for collecting taxes on behalf of a government.

Laissez-faire Leader

A leadership style characterized by minimal direct supervision, allowing team members significant freedom in how they accomplish their work.