The authors refer to the practice of many Asian firms being largely controlled by families of groups related to the governing body of the country as:
A) illegal.
B) insider trading.
C) cronyism.
D) not in my back yard.

Question

Quizplus · Accepted Answer

The practice of many Asian firms being largely controlled by families or groups related to the governing body of the country is referred to as cronyism. Cronyism involves the appointment of friends and associates to positions of authority, rather than individuals with the most merit or qualifications.

The Authors Refer to the Practice of Many Asian Firms