A _____ Is an Organization with Assets and Operations in at Least

question 31

Multiple Choice

A _____ is an organization with assets and operations in at least one country other than its home country. ​

• A) multinational corporation
• B) transnational company
• C) universal corporation
• D) local company

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how many times a company collects its average accounts receivable balance within a specific period.

Net Sales

The net sales revenue of a company, calculated after deducting returns, allowances for damage or loss, and any discounts.

Allowance Method

The allowance method is an accounting approach that estimates and reports bad debts as an expense and accounts for receivables that are not expected to be collected.

Bad Debts Expense

The cost associated with accounts receivable that a company does not expect to collect because customers default on payments.