Multinational Firms Usually Use ________ Structures When Customer Needs for a Given

question 42

Multiple Choice

Multinational firms usually use ________ structures when customer needs for a given product are similar throughout the international markets in which the firm participates.

• A) global product
• B) functional
• C) divisional
• D) multiproduct

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating expenses.

Income Summary

An account used in the closing process that summarizes revenues and expenses for a specific period, facilitating the transfer of their net effect to capital or owner's equity.

Closing Entries

At the close of an accounting cycle, transactions are documented to move amounts from temporary accounts to those that are permanent.

Debit Balance

Occurs when the sum of debits in an account exceeds the sum of credits, reflecting an asset or expense increase or liability or equity decrease.