Which of the Following Statements Is True About Value Chain

question 60

Multiple Choice

Which of the following statements is true about value chain and international business?

• A)Exporting firms perform most of the downstream value chain activities in the home market.
• B)Exporting firms perform most of the upstream value chain activities in the home market.
• C)Exporting firms perform most of the upstream value chain activities abroad.
• D)Exporting firms perform most of the research and product development and production abroad.

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Definitions:

CPA Exam

A standardized test that must be passed to become a licensed Certified Public Accountant in the United States.

Self-Employment Income

Earnings derived from one's own business, trade, or profession rather than from salaried employment.

Schedule C

This is a tax form used by sole proprietors in the United States to report their business income and expenses.

1099-MISC

A tax form used to report miscellaneous income, including fees, royalties, or rent, paid to a non-employee.