A Firm That Conducts Business All Over the World Is

question 62

Multiple Choice

A firm that conducts business all over the world is called a(n)

• A)multinational corporation.
• B)international conglomerate.
• C)competitive corporation.
• D)government-owned business.

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Definitions:

Beginning Period

This refers to the starting point or the first date of a financial reporting period.

Expense Incurred

Costs that have been incurred by a business in the process of earning revenue, often recognized in the accounting period when they are incurred, regardless of when payment is made.

Asset Decrease

A reduction in the value or amount of the assets owned by an organization.