Esteban and Florian want to form a limited liability company (LLC) to manage their business, Gordian Nuts. LLC statutes have been adopted in
A. all states.
B. no states.
C. less than one-fifth of the states.
D. only Wyoming and Florida.
Answer: A
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As used in accounting, the "Notes to the Financial Statement" should be:
a. Listed with the liabilities on the balance sheet b. Omitted at the option of the company c. Included as an integral part of the financial statements d. Reported as expenses on the Income Statement
Which of the following statements is true of the World Trade Organization?
A) Member states have a common tariff barrier against nonmembers. B) It is intended to create a common market. C) All members are obligated to harmonize their trade laws or face sanctions. D) It establishes guidelines for multinational corporations when operating in developed and developing countries.
What is international strategy? Discuss the risks and challenges associated with an international strategy.
What will be an ideal response?
Specific issues related to cultural differences can arise in the management of a multinational enterprise. All of the following are related to cultural differences EXCEPT:
A) a requirement to have local management. B) issues with promotion of women into management positions. C) issues with observation of religious holidays. D) nationalization of the assets of a company by the foreign government.