Research Shows That ____ Strategies Are Not as Prevalent as Once

question 72

Multiple Choice

Research shows that ____ strategies are not as prevalent as once thought, and that they are very difficult to implement. In fact, these strategies are becoming relatively less attractive to firms than other approaches to international competitiveness. To some extent, this is a result of the liability of foreignness.

• A) transnational
• B) multidomestic
• C) global
• D) regional

---

Definitions:

Flexible Budget

A budget that is stated as a function of some volume measure, such as units produced. Flexible budgets adjust for changes in volume.

Master Budget

A document that integrates all the estimates from the different departments to establish guidelines and benchmarks for the whole organization.

Favorable Variance

A financial term indicating that actual spending was less than budgeted amounts, or revenue was higher than expected.