A/n ________ Would Be an Example of an Owner-Specific Advantage

question 55

Multiple Choice

A/n ________ would be an example of an owner-specific advantage for an MNE.

• A)patent
• B)economy of scale
• C)economy of scope
• D)all of the above

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income or loss.

Balance Sheet

A statement of finances that shows the assets, liabilities, and equity of shareholders of a corporation at a certain moment.

Revenue Account

An account that tracks the income earned from normal business operations, such as sales of goods or services, distinguished from other types of income.

Withdrawal Account

A withdrawal account is an account in a partnership or sole proprietorship from which an owner can withdraw his or her share of the business profits.