Which of the Following Statements Is Not True

question 63

Multiple Choice

Which of the following statements is not true?

• A) The first multinational company, Singer Sewing Machine, built a factory in Scotland in 1868.
• B) By 1914, at least 37 U.S. companies had production facilities in two or more overseas locations.
• C) In the 1920s, all cars sold in Japan were made in the United States.
• D) Friedrich Bayer purchased an interest in a New York plant in 1865.
• E) The level of intracompany trade of multinationals in 1930, as a percentage of total world trade, may have exceeded the proportion at the end of the 20^th century.

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Definitions:

Cash Collections

The process of gathering and managing payments received from customers or clients.

Credit Sales

Sales transactions where the payment is deferred, and goods or services are provided on credit.

Raw Materials Purchases

The total cost of raw materials bought for use in the production of goods or products during a specific accounting period.

Accounts Payable

Liabilities or amounts owed by a company to suppliers for purchases made on credit.