When a firm is a virtual corporation, it acts primarily as a producer and leaves it to another firm to coordinate functions such as marketing, finance, and human resources.
Answer the following statement true (T) or false (F)
False
Many firms now outsource manufacturing and basically act like a virtual corporation, where the firm is primarily a coordinator with a good marketing concept.
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An auxiliary record of notes payable that provides detailed information about the notes owed by a business is known as a notes payable journal
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true about the economic model of corporate social responsibility (CSR)?
A. It places shareholders at the center of the corporation and suggests that the ethical responsibility of management is to serve those shareholders. B. It holds that businesses should fully integrate economic and social goals by bringing social responsibilities into the core of their business model. C. It holds that businesses have social responsibilities beyond the economic and legal ends for which they were created. D. It recognizes that every business decision imposes costs on someone and mandates that those costs be acknowledged.
Which of the following is the primary factor in determining the functional currency of a foreign subsidiary?
a. How the costs for the foreign entity's product are determined b. The denomination of the foreign entity's financing c. The location of the primary sales market that influences the price of the foreign entity's product d. Management's assessment of all relevant factors
A/An ________ would be an example of an internalization advantage for an MNE
A) patent B) economy of scale C) unique source of raw materials D) possession of proprietary information