Tolkien Corporation, incorporated in Delaware, opens a warehouse in a western state from which it ships goods. If Tolkien does not have a certificate of authority to do business within the western state:
A) it will face no sanctions or penalties.
B) the corporation will be shut down.
C) the corporation's officers and directors may be held personally liable on contracts made within the state.
D) Any of these may happen.
C
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Why must the researchers avoid generalizing from focus-group participants to the whole market?
A) Participants' responses are not reliable. B) Most of the participants are likely to be ignorant about the topic of discussion. C) The size of the group is too small and the sample is not drawn randomly. D) Most of the participants are likely to exhibit similar tastes and preferences. E) The participants usually come from diverse backgrounds.
In a short essay, explain why the comparative advantage principle is the foundation and overriding justification for international trade. How does this principle support the competitive advantage of nations theory?
What will be an ideal response?