What is an advantage of conducting business in another country using a subsidiary corporation?
A) The parent corporation is liable for the contracts of the branch office and is also liable for
the torts committed by personnel of the branch office.
B) The subsidiary corporation is organized under the laws of the United States.
C) There is a liability shield between the parent corporation and the subsidiary corporation.
D) B and C only
E) A, B, or C
C
You might also like to view...
Chris tends to place a higher value on the extent and weight of evidence; this indicates he is displaying which of the following skills needed of a leader?
A. communication B. judgment C. charisma D. decision-making
Explain the difference between financial objectives and strategic objectives. Give examples of each.
What will be an ideal response?
______ is described as an attitude that one’s own cultural group is the center of everything and all other groups are evaluated with reference to it.
A. group bias B. organizational culture C. ethnocentrism D. acculturalism
You obtained a comprehensive general liability policy in respect of your business. The term of the policy is one year. It included coverage of $2,000,000 on the building in the event that it is destroyed by fire, etc
Six months later, you had an extension added to the building, and you wish to increase your coverage. Which of the following is TRUE? A) You should have a rider added to the policy. B) You should have an endorsement added to the policy C) You will have to obtain a brand new policy. D) You cannot obtain additional coverage until your policy expires. E) Both A and B