Identify the term for and discuss the legality of a government's taking of property owned by foreign investors. Discuss what action a company might take if it wants to do business abroad but is concerned about losing its property to a foreign government
A government's taking of property owned by foreign investors is called "expropriation.". This practice is common and is legal if there is adequate compensation. The U.S. government acknowledges that expropriation of American interests is legal if the host government pays the owners promptly and fully in dollars. If the compensation is long delayed, inadequate, or made in a local currency that is hard to exchange, the taking is considered to be confiscation. The courts of almost all nations agree that confiscation is illegal. A company wanting to do business abroad but concerned about expropriation can purchase insurance. The Overseas Private Investment Corporation (OPIC) insures U.S. investors against overseas losses resulting from political violence or expropriation. The OPIC insurance is available to investors at relatively low rates and covers investments in almost any country.
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a. $3.33/hour; b. $3.00/hour; c. $1.00/hour; d. $0.33/hour; e. $0.30/hour.
________ is a company's ability to perform in one or more ways that competitors cannot or will not match
A) Brand positioning B) Market research C) Competitive advantage D) Competitor analysis E) Competitive intelligence
The old age, survivors, and disability insurance component of FICA tax is imposed on the entire amount of an individual employee's earnings
Indicate whether the statement is true or false
All of the following are functions of universal product codes (UPCs) EXCEPT:
A. allow scanners to match codes with brand names, package sizes, and prices B. print product and price information on cash register tapes C. assist retailers in preparing records of customer purchases D. allow retailers to accurately track sales and control inventories E. provide the detailed nutritional information required by the FDA