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Business, 15.02.2021 20:10 montrellgoodman5890

When looking at a country as a market or investment, the international business must consider the country's legal system. In that assessment, the firm needs to understand the differences between private actions, which refer to theft, piracy, blackmail, and the like from individuals or groups, and public actions, which are those actions taken by politicians and government bureaucrats. Either kind of action would pose a serious threat to the firm's investment or operations. Before the firm can seek legal remedies, it must clearly understand the options open to it In a legal sense, property refers to a resource over which an individual or a business holds a legal title. It is a resource that it owns. Countries differ in the extent to which their legal systems define and protect property rights, even those countries that are still nominally communist states. Property rights can be violated, sometimes by governments and sometimes by individuals or groups. Select the most appropriate action-public or private-in terms of property rights and legal protections for each description below. 1. You face demands from government officials that will be required before you are allowed to do business. Payments are to be made to individuals, not the government. Public Action 2. A government official is demanding trips, education payments for his children, and a new care before he will allow your firm to be considered for a procurement bid. (Click to select) 3. Your business is told to pay a group of individuals or face violent retribution. You have learned other similar businesses have faced similar demands. (Click to select) *] 4. You've learned your firm will face very expensive new licensing fees in addition to a new tax regulation that targets foreign firms (you) in a specific industry. (Click to select) ) 5. A group of hackers based in the country where your firm wishes to conduct business has broken into your database and is demanding payment or they will destroy your firm's records. Private Action 6. You thought your contract would protect your rights, but your customer is now refusing to pay for merchandise already received, and the courts don't seem willing to help you. (Click to select) Private Action Public Action

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