Yuksom, an IT firm based in the U.S., has its branches in India and China. Yuksom is a(n) _____.
A) interlocking directorate
B) transnational conglomerate
C) transnational corporation
D) special-interest group
E) subsidiary unit
Question 2In a(n) _____, the same people serve on the boards of directors of several companies or corporations.
A) private cartel
B) interlocking directorate
C) monopoly
D) ad hoc committee
E) subsidiary board
Question 3Ultimate Edge Inc owns companies that manufacture cars, sell car accessories to retailers, and provide maintenance services for cars. It also has tie-ups with banks that provide car loans. Ultimate Edge is an example of a(n) _____.
A) oligopoly
B) monopoly
C) cohort
D) conglomerate
E) entrepreneurial venture
Question 4Which of the following statements is true of a corporation?
A) It does not have any liability.
B) It does not have privileges apart from those of its members.
C) It is owned by state governments.
D) It has its own legal rights apart from those of its members.
E) It is owned by the federal government.
Question 5Which of the following statements is true of crony capitalism?
A) In this system, private profits that are fueled by greed and exploitation of workers are forbidden.
B) In this system, the government gives preferential treatment to minority groups.
C) In this system, the government taxes wealthy people and large corporations excessively.
D) In this system, the government gives wealthy people and large corporations preferential treatment through direct payment or loans.
E) In this system, the government provides wealthy people and large corporations with grants that require extreme competition in an open market.
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