Many MNCs Involved in Extractive/natural Resources Industries

question 20

Multiple Choice

Many MNCs involved in extractive/natural resources industries

• A)tend to directly own oil fields,mine deposits,and forests.
• B)tend to lease their oil fields,mine deposits,and forests.
• C)tend to partner with local firms,leveraging their intangible assets.
• D)none of the options

Comprehend the bankruptcy process and its purpose.

Discuss the accuracy and implications of the statement that bankruptcy is a way to avoid paying debts.

Explain the status of a bankrupt individual post-discharge.

Evaluate the protection of creditor's interests during the bankruptcy and insolvency process.

---

Definitions:

Purchases Returns

Goods returned by the buyer to the supplier due to defects, damage, or other reasons, which can reduce the total amount of purchases.

Retail Inventory Method

An accounting technique used in retail to estimate the ending inventory value based on the relationship between the cost and selling price of goods.

Cost-to-retail Ratio

A method used in inventory accounting that estimates the value of ending inventory by calculating the cost to retail price ratio.

Homogeneous Inventory

An inventory system where all items are similar in nature and use, making management and valuation processes more straightforward.