Answer: Option C
Explanation: A company operating in countries other than its home country is called multinational corporations. These entities operate their business in several different countries with the objective of profit maximization.
These entities control their business in foreign countries from their head quarters in their home country. Thus, in case the company did something illegal or unethical then the government can expropriate their assets without any compensation.
Thus, the correct option is C.
Answer:
C. add up the market values of all final goods and services is the correct answer.
Explanation:
- By add up the market values of all final goods and services is a way to compute GDP.
- GDP stands for Gross domestic product and describes the total financial cost of all goods and services produced and traded on the market within a country during a specified time
- GDP is used to estimate economic activity in a country.
- Economists use the Gross domestic product to decide whether the economy is expanding or undergoing a recession.
- GDP is calculated by National agencies.
A
relatively new type of very fast direct connection available to homes and
businesses in areas where there is fiber-optic cabling available all the way to
the building is generically called fibr optic broadband.
Fibr
optic broadband, from the name of its material uses fiber-optic cables
guarantees faster and more stable and reliable connection compared to the DSL
connection. Fibr connection can also cover far distances up to 100 kilometers
compare to DSL connection which uses copper wire cable that has the limit of
only 100 meters.
<span>Fibr
optic broadband also assures more bandwidth and no lags when it comes to large
data applications.</span>
Answer:
For firms, Rent Seeking usually involves: <u>restricting supply in order to increase price</u>
Explanation:
An example of rent-seeking in a modern economy is spending money on lobbying for government subsidies in order to be given wealth that has already been created, or to impose regulations on competitors, in order to increase market share.
A rent seeking firm have a greater incentive to engage in rent-seeking behavior when demand is elastic because the restriction imposed on competitors will not affect the demand for the goods.
Answer:
False
Explanation:
"An auditor is a watchdog and not a blood hound". The purpose of conducting an audit is to provide 'reasonable assurance" and not 'absolute assurance' to the management of an entity and users of financial statements.
An auditor cannot be held liable for any misstatement or fraud if he proves that he did his work diligently, and acted bona fide, and as per the evidence available to him, arrived at such an opinion.
But, in cases wherein an auditor has acted grossly negligent or colluded with management or window dressing of accounts, such auditor would be held personally liable and accountable. For e.g Enron case.
