Which of the Following Statements About Multinational Corporations Is True

question 10

Multiple Choice

Which of the following statements about multinational corporations is true?

• A) The 10 largest multinational corporations all have their headquarters in the U.S.
• B) The value of sales of the largest multinational corporations exceeds the total value of goods and services of many peripheral nations.
• C) They are all state-owned-or public as opposed to private-businesses.
• D) All of these answers are correct.

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Definitions:

Explanation Column

A column in accounting ledgers or financial reports where details are provided to explain the nature or reason for a transaction.

Computerized Accounting System

A software-based method that provides automatic bookkeeping and accounting for business transactions, improving accuracy and efficiency over manual methods.

Chart of Accounts

A listing of all the accounts in a general ledger that a business uses to code each of its transactions based on the nature of the expense, asset, liability, etc.

General Ledger

A comprehensive accounting record of all transactions of a business, summarizing all accounts and transactions in one place.