________ Is a Process of Doing Business Worldwide, So Strategic

question 99

Multiple Choice

________ is a process of doing business worldwide, so strategic decisions are made based on global profitability of the firm rather than just domestic considerations.

• A) Multinational corporation
• B) Protectionism
• C) Globalization
• D) Assimilation
• E) World recession

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Definitions:

LLC

A Limited Liability Company is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Members

Members typically refer to individuals or entities that belong to a group, organization, or body, holding certain rights and responsibilities within that organization.

Management and Control

The process and authority to direct an organization or entity, including making decisions regarding its operations, resources, and policies.

Limited Partner

An investor in a partnership who does not have managerial control and whose liability for the partnership's debts is limited to the amount they invested in the business.