The Decline of the U

question 44

Multiple Choice

The decline of the U.S.dollar relative to other currencies has caused firms outside the U.S. ,such as BMW and Volkswagen to:

• A)Experience increasing sales in the U.S.
• B)Experience increasing sales worldwide.
• C)Locate plants in the U.S.to reduce overall manufacturing costs.
• D)Require dealers to make payments in the Euro.

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Definitions:

Liability Purposes

Considerations or actions taken to minimize legal responsibility and financial risk within an organization or personal activities.

Corporation

A legal entity recognized by law as a separate entity from its owners, characterized by limited liability, perpetual succession, and the ability to raise capital through the issuance of shares.

Partnership

A business arrangement legally recognized, where two or more partners collaborate in managing the business and splitting the profits.

Legal Structure

The framework of laws and regulations within which individuals, businesses, and organizations operate.