The Foreign Subsidiary of a Large Corporation Is

question 34

Multiple Choice

The foreign subsidiary of a large corporation is

• A) not a responsibility center.
• B) a profit center.
• C) a cost center.
• D) an investment center.

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Definitions:

Age of Majority

The legally recognized age at which an individual is considered an adult, capable of voting, entering into contracts, and performing other civil duties.

Restitution

A remedy whereby one is able to obtain the return of that which he has given the other party, or an amount of money equivalent to that which he has given the other party.

Disaffirmed Contract

A contract that has been declared void or invalid by one of the parties involved, often due to reasons like lack of capacity or legality.

Ratified

Confirmation or approval of an act or agreement that was not initially authorized by the party in question, making it legally binding.