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A Firm with Independent Business Units Operating in Several Countries

question 23

True/False

A firm with independent business units operating in several countries is called a multinational corporation.


Definitions:

Offeree

A person or entity to whom an offer is made, which they can either accept or reject.

Offeror

The individual or party that presents a proposal or contract to another party for acceptance.

Reject

To refuse to accept, submit to, believe, or make use of.

Option Contract

A contract granting an individual the right, but not the obligation, to buy or sell an asset at a future date at an agreed-upon price.

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