What is a multinational corporation? Why would a company want to be a multinational corporation?
What will be an ideal response?
A multinational corporation is a firm that has operations in more than one country, international sales, and a nationality mix of managers and owners. Firms pursue international markets to increase their sales and net income. In recent years such well-known American MNCs as Apple, Chevron, Johnson & Johnson, Coca-Cola, Ford Motor Company, ExxonMobil, Caterpillar, Walmart, Microsoft, and Google have all earned more annual revenue in the international arena than they have in the United States.
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Hoki, an accountant, accumulates working papers while performing an audit for Insurance Corporation. After the audit, these documents belong to
A. the accountant, with the client having a right of access to the papers. B. the client, with the accountant having a right of access to the papers. C. the Public Company Accounting Oversight Board. D. no one—the papers should be destroyed immediately after use.
If you are giving a business presentation and your boss interrupts you with a question, what must you likely do?
a. Stop and answer it. b. Pretend you didn’t hear. c. Refuse to answer. d. Tell him or her to wait.
The bylaws of the corporation:
A) are adopted as one of the first items of business at the organizational meeting held promptly after incorporation. B) may contain any provision for managing the business not inconsistent with law or the charter. C) may be repealed by the board of directors. D) All of these are true.
If a firm misses a payment for a non-cumulative preferred stock, the dividend never has to be paid.?
Answer the following statement true (T) or false (F)