Which of the Following Is NOT True About MNCs

question 36

Multiple Choice

Which of the following is NOT true about MNCs?

• A) Worldwide employment by U.S.MNCs is much larger than that of foreign-owned MNCs.
• B) The growing interdependency among nations and the activities of MNCs have become important facets of economic life.
• C) Of the 30 largest MNCs in the world,13 have their home offices located in the United States.
• D) The annual sales revenue of large MNCs is greater than the entire economies of many nations in which they do business.
• E) MNCs have relatively little economic influence in most of the countries in which they operate.

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Definitions:

Technological Advance

(1) An improvement in the quality of existing products, the invention of entirely new products, or the creation of new or better ways of producing or distributing products. (2) Any improvement in the methods by which resources are combined such that the same quantity of inputs can be made to yield a combination of outputs that is preferred to any combination of outputs that was previously possible.

Freedom of Choice

The right of individuals to make decisions for themselves without undue government restriction.

Society's Wants

The collective desires and needs of a community or society that drive demand and economic activity.