Explain factors that lead to creeping expropriation of investment in less developed countries
What will be an ideal response?
The trend of creeping expropriation is attributable to at least three factors. First, most LDC governments need to attract foreign investment, and they are reluctant to take any action that might discourage investment in their countries. Second, LDC governments have become much more sophisticated. Instead of using outright nationalization with all of its undesirable repercussions, they achieve the same political or economic objectives through other means like, creeping expropriation. Third, international transactions no longer consist mainly of agreements with a host government for the extraction of minerals or other resources. Instead, international investments typically take the form of a joint venture or some other form of cooperative dealing that involves both the host country government and private host country nationals.
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Which of the following items is a component of the balanced scoreboard methodology?
a. Customers b. Financial c. Innovation and improvement d. All of the above
In a job order costing system, when the goods are sold, the Cost of Goods Sold account is increased, and the Finished Goods Inventory account is decreased for the selling price of the goods sold
Indicate whether the statement is true or false
Indicate whether each of the following statements is true or false.Estimated cost data must often be used in making decisions because actual cost information is not yet available. Managers often accumulate both estimated and actual cost data for the same cost object. A direct cost must be allocated to a cost object. For a department in a retail store, cost of goods sold is a direct cost. Determining whether a cost is direct or indirect depends on the selection of cost object.
What will be an ideal response?
Costs associated with factory insurance, maintenance, rent, property taxes, and other similar items are typically included in manufacturing overhead and assigned to products:
A) primarily based on whatever technique is easiest. B) based on a related cost driver that can be identified and measured. C) if not treated as a period cost. D) based on the relative sales revenue generated by the product.