The Ability of Multinational Firms to Be Successfully Rests on Their

question 36

Multiple Choice

The ability of multinational firms to be successfully rests on their ability to gain an advantage. This demonstrates imperfections in:

• A)Access
• B)Factor mobility
• C)Government
• D)Management
• E)Labor

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Definitions:

Cash Payments Journal

A financial journal that records all cash payments made by a business, including expenses, asset purchases, and debt payments.

Sales Discounts

Refers to reductions from the listed price of goods or services, offered by sellers to buyers, typically as an incentive or reward.

Accounts Payable

Amounts a company owes to creditors for goods or services bought on credit.

General Journal

A primary accounting record used to keep track of all financial transactions, listed in chronological order.