Which of the Following Statements Is True About Convenience Translations

question 8

Multiple Choice

Which of the following statements is true about convenience translations of financial statements?

• A)International Business Machines (IBM) is the only corporation in the U.S.that currently provides convenience translation of its financial statements into a foreign language.
• B)Few U.S.-based companies translate their financial statements into another language.
• C)Convenience translation means that a company will translate its financial statements into English.
• D)All of the above statements are true.

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Definitions:

Memorandums

Brief written messages, often used within organizations, to communicate policies, procedures, or official business matters.

Form Letters

Pre-written letters for mass distribution, often customizable for individual recipients but containing a standardized message.

Grapevines

In an organizational context, grapevines refer to the informal channels of communication where information, rumors, and gossip spread among employees outside official channels.

Resale

The act of selling a product or good that one has purchased, to another buyer.