________ Refers to the Tendency of Firms to Extend Their

question 29

Multiple Choice

________ refers to the tendency of firms to extend their ownership to new markets abroad.

• A) Strategic human resources
• B) Trend analysis
• C) Globalization
• D) Outsourcing

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Definitions:

Impairment Loss

A financial write-down in book value due to impairment, reflecting a decrease in the recoverable amount of an asset beyond its current carried cost.

Consolidated Patents

Patents owned by a parent company and its subsidiaries that are combined for reporting purposes on consolidated financial statements.

Goodwill Impairment

This occurs when there is evidence that the value of goodwill has declined permanently beyond its recoverable amount, necessitating a write-down in its book value.

Amortization

The process of reducing the cost of a tangible or intangible asset through systematic, periodic deductions over its useful life.