MNCs Can Use Their Global Presence to

question 59

Multiple Choice

MNCs can use their global presence to

• A)take advantage of underpriced labor services available in certain developing countries.
• B)gain access to special R&D capabilities residing in advanced foreign counties.
• C)boost profit margins and create shareholder value.
• D)all of the above

---

Definitions:

Internal Control

Protocols and processes designed by a business to secure the authenticity of its financial and accounting information, enhance accountability, and impede fraudulent operations.

Control Environment

The set of standards, processes, and structures that provide the foundation for carrying out internal control across the organization.

Proofs And Security Measures

Protocols and systems implemented to protect data, transactions, and assets against unauthorized access, theft, or modification.

Petty Cash Fund

A petty cash fund is a small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.