When Considering Where to Locate Production Globally

question 23

Multiple Choice

When considering where to locate production globally,

• A)exporting firm-specific competitive capabilities from home territory is easy.
• B)exporting firm-specific competitive capabilities from home territory is practically impossible.
• C)exporting firm-specific competitive capabilities from home territory requires close attention and may not even be possible.
• D)none of the above.

---

Definitions:

Private Letter Rulings

Written decisions by the Internal Revenue Service (IRS) in response to taxpayers' requests for guidance on the tax implications of their specific transactions or events.

Wages

Compensation received by employees for services performed. Usually, wages are computed by multiplying an hourly pay rate by the number of hours worked.

Tips

Gratuity given voluntarily by customers in exchange for a service, often subject to specific reporting and taxation rules.

Preparer Tax Identification Number

A unique identification number that all paid tax return preparers must use on U.S. federal tax returns or claims for tax refunds submitted to the IRS.