1. Imagine you overhear two of your colleagues talking and one says to the other, “Companies should use investment entry modes whenever possible because they offer the greatest control over business operations.” Do you agree or disagree with this statement? Explain.
2. For which liability standard would you expect the litigation costs to be greater--negligence or strict liability. Why? Is that an additional efficiecny argument for preferring one standard to the other?
3. It has been said that within the next few years, smartphones will become the single-most important digital device we own. Discuss the implications of this statement.