The practice of country risk assessment is an exercise in xenophobic and ethnocentric thinking.
Answer the following statement true (T) or false (F)
False
Risk assessment is an attempt to understand the local environment. The charge that it is xenophobic (fear of foreigners) and ethnocentric is a defensive one. Risk assessment is a good idea.
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A written code of ethics is usually ineffective if it is developed with input from employees about situations they encounter.
Answer the following statement true (T) or false (F)
When personal integrity drives your decisions,
a. you do what you have to do. b. you do what is right simply because it is right. c. you do what you do because you may be punished if you do the wrong thing. d. all of these choices.
Can the holder of a life estate mortgage his life estate?
A) Yes, so long as the mortgage term is limited to the length of the life estate B) No, because a life estate is not real property C) Yes, with the only restrictions being those applicable to a mortgage of a fee simple interest D) Yes, but only if the holder of the remainder interest or reversion also simultaneously mortgages that interest E) No, because of the uncertainty over how long the interest will last
Laura is an investor and a limited partner in a limited partnership. Two years after she becomes a limited partner, Laura believes that the general partners are not doing a very good job of managing the affairs of the limited partnership, and she accordingly participates in its management. While she was managing the business, a bank loans $1 million to the limited partnership, believing that Laura is a general partner. If the limited partnership defaults on the $1 million loan, which of the following will be true?
A. Laura will not be held personally liable, as she is technically a limited partner. B. Laura will be treated as a general partner and will be held personally liable for the loan. C. Laura will be held liable for her proportionate share of the $1 million, depending on the total number of general and limited partners in the limited partnership. D. Laura's liability will be restricted to the value of her capital investment in the limited partnership.