Which of the following BEST describes a tort?
A. Is a "wrong" covering a wide-range of legal and moral wrong doing.
B. Is a "wrong" committed for which only the government can provide a remedy.
C. Is an act causing harm to an innocent party for which a civil remedy is provided through the payment of monetary damages.
D. Is a criminal act.
Ans: C. Is an act causing harm to an innocent party for which a civil remedy is provided through the payment of monetary damages.
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Carter Electronics began selling the first-ever 18" home digital satellite system (DSS) in the U.S. Although DSS represented a totally new technology, one million DSS units were sold in the first year of release
Which of the following best describes the market situation in the U.S. when the company researched DSS? A) There was an existing market for home digital satellite systems. B) There was an incipient market for home digital satellite systems. C) There was a latent market for home digital satellite systems. D) There was a subnational market for home digital satellite systems.
________ is an arrangement in which the focal firm or a consortium of firms plans, finances, organizes, manages, and implements all phases of a project abroad and then hands it over to a foreign customer after training local workers
A) Home-replication strategy B) Exporting C) Turnkey contracting D) Equity-based collaborative venture