On Which of the Following Grounds Are Multinational Corporations (MNCs)often

question 25

Multiple Choice

On which of the following grounds are multinational corporations (MNCs) often criticized by antiglobalization activists?

• A)They increase unemployment in the host country.
• B)They bring in technology that is unknown to the host country.
• C)They use capital-intensive mode of production.
• D)They are liable to pay the taxes levied by the government of the host country.
• E)They increase the gap between rich and poor nations.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to prepare and present financial statements in a consistent manner.

Financial Statements

Comprehensive reports that provide information about a company's financial performance and position, including its income statement, balance sheet, statement of cash flows, and statement of shareholder equity.

Other Comprehensive Income

A financial accounting term representing the revenues, expenses, gains, and losses that are not included in net income, affecting the equity section of the balance sheet outside of net income.

Financial Statement Footnotes

Detailed explanations and additional information provided at the bottom of financial statements, clarifying specific line items.