When firms expand into global markets, they are faced with the choice of reducing costs and/or adapting to the local market. When high pressures exist to lower costs, companies should choose a(n) ________ strategy or ________ strategy in order to compete in the global marketplace.
A. international; multidomestic
B. global; transnational
C. international; transnational
D. global; multidomestic
Answer: B
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What will be an ideal response?
How is income tax expense for the third quarter interim period computed?
a. The annual rate multiplied by the third quarter pretax earnings. b. The estimated tax for the first three quarters based on an annual rate, less a similar estimate for the first two quarters. c. The rate applicable during the third quarter multiplied by four times the third quarter pretax earnings. d. One-half of the difference between total estimated annual income tax expense and the income tax for the first two quarters.
The Wheeler Company payroll for the week ended November 8 is $80,000 with 15 percent withheld for employee income taxes and 8 percent for FICA taxes. The total amount of taxes to be remitted by the employer for this payroll, ignoring unemployment insurance taxes, would be:
a. $18,400 b. $12,000 c. $12,800 d. $24,800
The United States v. Lopez case demonstrates which of the following?
a. There are no limitations on the federal government's power pursuant to the Interstate Commerce Clause. b. The states have extensive power to regulate interstate commerce. c. There are limitations on federal power. d. Gun ownership cannot be regulated.