Extension of foreign corporation into the host country

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Reference no: EM132252815

1. A _____ is simply an extension of a foreign corporation into the host country.

A. branch office

B. foreign partnership

C. joint venture

D. franchise

2. Which of the following is true of Islamic countries?

A. Their cultures are more homogeneous than that of Western countries.

B. A clear separation of religion and state exists in these countries.

C. Religion is the basis for many legal, as well as ethical, standards in these countries.

D. Trade and commerce with Western countries is usually prohibited in these countries.

3. Some people argue that law derives from a natural tendency to prevent chaos. International law is an attempt to prevent chaos in the international arena through the application of universal or widely held principles. _____ is the means by which those principles are encouraged.

A. Contract

B. Agreement

C. Covenant

D. Comity

4. The _____ is the United States’ largest trading partner, and vice versa.

A. European Union

B. African Union

C. United Arab Emirates

D. United Kingdom

Reference no: EM132252815

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