In regard to the cultural risks related to ownership structure, which of the statements below is FALSE?
A) Cultural norms work their way into laws and regulations so that the interests of the host country will take precedence over the interest of the foreign country, the original home of the business.
B) In order to start a business operation in a foreign country, it may be necessary to utilize a joint venture business form.
C) Today, there are practically no industries protected against foreign ownership in host countries.
D) The ownership structure of a business can be restricted once the business ventures overseas and faces the additional constraint of meeting ownership requirements of more than one government.
Answer: C
Explanation: C) Some industries remain HEAVILY protected against foreign ownership in host countries.
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