BRCK Began in 2014 and from the Start Designed Its

question 76

Multiple Choice

BRCK began in 2014 and from the start designed its products in a developing country while manufacturing in a developed country.Its corporate headquarters are in Nairobi,Kenya,at a technology center that houses a small group of entrepreneurs.By 2016,the company was selling in 50 countries.BRCK is an example of a

• A) multidomestic organization.
• B) worldwide matrix organization.
• C) worldwide product division structure.
• D) global start-up organization.

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Definitions:

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In financial contexts, it often involves converting financial statements from one currency to another.

Foreign Currency

Currency used in international trade and investment, which is different from the domestic currency of the country of operation.

Presentation Currency

The currency in which a company's financial statements are presented, typically the national currency of the country where the company operates.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.