Which of the Following Statements Can Be Used to Explain

question 5

Multiple Choice

Which of the following statements can be used to explain the growth of international business?

• A)Many countries in Europe and Asia were devastated after World War II and had to be rebuilt.
• B)The postwar population boom decreased demand for products.
• C)Changes in cultural traditions made the rest of the world open to all of the products made in the U.S.
• D)Infrastructures in Europe and Asia remained sound in spite of World War II
• E)All of these statements can be used to explain the growth of international business.

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Definitions:

Tax Rate

The fraction of earnings on which the government imposes taxes for individuals or corporations.

Consolidation Worksheet Entry

An accounting entry used in the preparation of consolidated financial statements which adjusts for intercompany transactions and balances.

Treasury Stock

Shares of a company's own stock that it has repurchased from investors but not yet retired.

Consideration Transferred

The payment made by an acquirer to obtain control of an acquiree, which could include cash, assets, or other types of financial agreements.