Which of the Following Statements About Transnational Firms Is Not

question 85

Multiple Choice

Which of the following statements about transnational firms is not true?

• A)Transnational firms have many regional headquarters and perhaps a world headquarters.
• B)Transnational firms are stateless.
• C)Transnational firms view the entire globe as their management frame of reference.
• D)Transnational firms have no single headquarters.
• E)Many firms have attained transnational status.

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Definitions:

Percentage of Sales Basis

A forecasting method where certain expenses or accounts are based on a predetermined percentage of sales.

Bad Debt Expense

The cost associated with accounts receivable that a company does not expect to collect.

Aging Schedule

A table summarizing the amounts owed to a business, grouped by the length of time the bills have been outstanding, used to monitor and manage receivables.

Old Accounts Receivables

Outstanding invoices a company has yet to collect from customers past the due date.