Globalization Occurs When an Organization

question 49

Multiple Choice

Globalization occurs when an organization:

• A)actively participates in other countries and cultures.
• B)serves diverse customers within the firm's home country.
• C)has a diverse workforce within the firm's home country.
• D)All of the answers are correct.
• E)serves diverse customers within the firm's home country

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Definitions:

De Jure Corporation

Latin for “lawful corporation” a corporation that has met the mandatory statutory provisions and thus received its certificate of incorporation.

De Facto Corporation

A company that acts like a corporation and enjoys some of its benefits, despite not being duly incorporated according to statutory requirements.

Corporation By Estoppel

A defective corporation that has conducted business with a third party and therefore cannot deny its status as a corporation to escape liability.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction, often referring to income taxed both at the corporate level and personally.