Which One of the Following Explains Why So Few Firms

question 71

Multiple Choice

Which one of the following explains why so few firms are global?

• A) Culture, language, and religion are similar between countries.
• B) Legal and political systems are similar between countries.
• C) Governments are increasing trade restrictions in general.
• D) Geographic distance is multiplied by distance in culture, language, religion, and legal and political systems.

Understand how to report endowment contributions in financial statements for not-for-profit organizations.

Distinguish between the deferral method and the restricted fund method in not-for-profit accounting.

Analyze transactions and prepare journal entries for not-for-profit organizations using the deferral method.

Recognize pledges and contributions and understand their treatment in not-for-profit accounting.

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Definitions:

Catering

The provision of food and drink services to events, meetings, or large gatherings, often including the planning, preparation, and presentation of the menu items.

Airlines

Organizations that provide air transport services for traveling passengers and freight.

Vending Machines

Automated machines that dispense products or services when money is inserted.