If a Company Undertakes Sufficient Activities in a Particular Country

question 42

Multiple Choice

If a company undertakes sufficient activities in a particular country, it establishes _____ with that country and becomes liable for filing tax returns in that country.

• A) jurisdiction
• B) notice
• C) terms of service
• D) nexus

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Definitions:

Consideration

Something of value exchanged between parties in a contract, making the agreement legally binding.

Enforceable Contract

A legally binding agreement capable of being upheld and imposed in a court of law.

Competition

The rivalry among businesses to attract customers, increase sales, and improve market share.

Restructure

To restructure is to organize differently, often referring to corporations modifying their business structure, debt, or operations to improve efficiency or solvency.