Peter Is a German Citizen Working as a Manager for Siemens

question 105

Multiple Choice

Peter is a German citizen working as a manager for Siemens in Freiberg, Germany. Siemens has facilities all over the world but its headquarters is in Germany. Peter is a(n) .

• A)home-country national
• B)expatriate
• C)third-country national
• D)host-country national
• E)local

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Definitions:

Comprehensive Income

A measure of all changes in equity during a period except those resulting from investments by and distributions to owners.

Parent Company

A parent company is a corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.

Subsidiary Company

A company that is completely or partly owned and wholly controlled by another company, referred to as the parent company.

Inventory

An accounting term for goods and materials held by a company in stock with the intention of selling them or transforming them in the production process.