Describe the terms parent country, host country, and third country.
What will be an ideal response?
When organizations operate globally, their employees are very likely to be citizens of more than one country. Employees may come from the employer's parent country, a host country, or a third country. The parent country is the country in which the organization"s headquarters is located. A host country is a country (other than the parent country) in which an organization operates a facility. A third country refers to a country that is neither the parent country nor the host country. The organization may or may not have a facility in the third country.
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The duty of care for managers and members includes the duty not to usurp the LLC's (limited liability company's) opportunities
Indicate whether the statement is true or false
Companies want to capture and retain customers that will be not only loyal but also profitable, which often means targeting as many customers as possible with whom to do business.
Answer the following statement true (T) or false (F)
On December 1, Year 1, Jack's Snow Removal Company received $10,200 of cash in advance from a customer and promised to provide services for that customer during the months of December, January, and February. How will the Year 1 year-end adjustment to recognize the partial expiration of the contract impact the elements of the financial statements model?
A. Total assets will increase by $3400 B. Total liabilities will increase by $3400 C. Equity will increase by $3400 D. Equity will increase by $3400 and Total assets will increase by $3400
Price is the most important of the "Four Ps."
Answer the following statement true (T) or false (F)