Who Pays the Costs of Creating a Sponsored ADR

question 23

Multiple Choice

Who pays the costs of creating a sponsored ADR?

• A) the foreign firm whose stocks underlie the ADR
• B) the U.S. bank creating the ADR
• C) both the U.S. bank and the foreign firm
• D) the SEC since they require the regulation

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Definitions:

Leadership Roles

The specific responsibilities and expectations associated with individuals in positions of influence within an organization.

Collective Efficacy

The shared belief in the capability of a group to achieve its goals and successfully execute tasks together.

Political Skill

The ability to effectively understand others at work, and to use such knowledge to influence others to act in ways that enhance one’s personal and/or organizational objectives.

Developing Coalitions

The process of forming alliances or partnerships among individuals or groups to achieve shared goals or tackle common challenges.