Which of the Following Forms of International Banking Organisation Is

question 31

Multiple Choice

Which of the following forms of international banking organisation is an extension of a domestic bank but is located in a foreign country?

• A)Foreign branch
• B)Shell branch
• C)Representative office
• D)Foreign subsidiary

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Definitions:

Job-Order Costing System

An accounting system that accumulates and assigns costs to specific jobs or batches of products, useful for customized orders.

Overapplied

A situation where the overhead applied to products or services exceeds the actual overhead incurred.

Underapplied

Underapplied overhead occurs when the allocated manufacturing overhead costs are less than the actual overhead costs incurred, resulting in a shortfall that needs to be adjusted.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including both materials and labor costs.