International Business quiz ch 8

International Business quiz ch 8 - The correct answer for...

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1 INCORRECT The rules of traditional international law require that the country compensates the foreign owners. In the absence of compensation, confiscation becomes expropriation. B) False 2 CORRECT Politically, in the U.S., the term "conservative," is a person, group, or party that wishes to minimize government activities. A) True 3 INCORRECT An advantage that state-owned companies have over privately owned business comes in the form of direct subsidies. A) True 4 CORRECT The WTO defines dumping as selling a product abroad for less than the average cost of production in the exporting nation. A) True 5 CORRECT Ad valorem duty is a combination of specific and compound duties. B) False 6 INCORRECT Privatization includes all of the following except: A) ownership transfer from public to private sector. B) contracted out services. C) state-owned activities leased to private entities. D)
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International Business quiz ch 8 - The correct answer for...

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