What is outsourcing?
A) The process of vertically integrating the factors of production.
B) The process of selling products overseas bypassing import tariffs.
C) The movement of production to affiliate firms outside of the country.
D) None of the above.
C
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Financial institutions use futures contracts as a means of
A) risk management. B) expanding capital. C) minimizing taxes. D) increasing assets.
A trademark is: a. a method of production kept secret by the producing firm
b. a word, name, symbol, or device indicating the source of a good that can only be used by the firm that registered it. c. a government rule that gives an inventor the exclusive legal right to make, use, or sell an invention for a limited time. d. a body of law that protects the right of inventors to produce and sell their inventions.