A Fact About the Effect of Globalization Is That Multinational

question 58

Multiple Choice

A fact about the effect of globalization is that multinational corporations:

• A)often take advantage of the unrestrictive legal environments of less-developed countries.
• B)have fewer ways in which they can reduce their production costs or increase their sales.
• C)have limited access to the labor force or natural resources of less-developed countries.
• D)often exploit the natural resources of developed countries without facing any consequences.

Prepare journal entries for transactions involving purchases, returns, and payments.

Apply the net method for recording purchases in a periodic inventory system.

Apply the gross method for recording purchases in a periodic inventory system.

Understand the implications of terms such as 2/10, n/30 on transactions.

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Definitions:

Purpose-Oriented

Focused on or driven by a specific goal or objective.

Personal Goals

Specific objectives set by an individual, aiming for personal growth or achievement in areas of their life.

Extrovert

A person oriented towards the external world, often characterized by sociability and a desire for external stimulation.

Confidence

The feeling or belief that one can rely on someone or something; firm trust.