Business Environment And International Business - Study Mode
[#311] In relation to the 'veil of incorporation' that is a feature of a limited company's separate legal personality, in which of the following circumstances will a court not lift the veil to identify the true nature of the relationship? 1. Where the company has been established to commit a fraud.
2. Where the company has been established to contractual agreements. 3. In the interests of Justice. 4. Where two separate legal entities are run as one economic undertaking. Select the correct answer using the options given below
Correct Answer
(A) 1, 2 and 4
[#312] Government regulation of business is basically intended to
Correct Answer
(D) Protect the public from the negative consequences of business behaviour
[#313] To ensure the validity of Heckscher-Ohlin theory of trade to be valid, the relative factor endowments of two countries should be
Correct Answer
(B) as divergent as possible
[#314] India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?
Correct Answer
(C) World Bank
[#315] Which of the following element determine economic environment of a country? 1. Economic system 2. Policies 3. Money and capital market 4. Social cost Select the correct answer using the options given below
Correct Answer
(A) Both 1 and 2