Which of the following statements is true of the firms that operate in several different countries?
A. The currency values of several different countries do not fluctuate.
B. Cash flows of various parts of a multinational corporate system are always denominated in the same currencies.
C. Institutional differences among countries can cause significant problems in coordination of subsidiaries.
D. No nation places constraints on the transfer of corporate resources.
E. Within homogeneous geographic regions, different countries have uniform cultural heritages that shape values and influence the role of business in the society.
Answer: C
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The_________is given the power to regulate discrimination in the work place
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Blondell Legal Services, LLC, uses the step-down method to allocate service department costs to operating departments. The firm has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Law and Corporate Law. Data concerning those departments follow: Service DepartmentOperating Department PersonnelITFamily LawCorporate LawDepartmental costs$85,284$29,703$883,360$189,010Employees 11 25 121 163PCs 12 26 112 137 Personnel costs are allocated first on the basis of employees and IT costs are allocated second on the basis of PCs. In the first step of the allocation, the amount of Personnel Department cost allocated to the Family Law Department is closest to:
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