Which of the Following Statements Is False

question 4

Multiple Choice

Which of the following statements is false?

• A) U.S. tax policy requires U.S. corporations to pay taxes on their foreign income at the same rate as profits earned in the United States.
• B) The home government gets an opportunity to tax the income from a foreign project to the domestic firm.
• C) The general international arrangement prevailing with respect to taxation of corporate profits is that the home country gets the first opportunity to tax income.
• D) The home government must establish a tax policy specifying its treatment of foreign income and foreign taxes paid on that income.

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Definitions:

MRP II

Stands for Manufacturing Resource Planning, an evolution of Material Requirements Planning (MRP) that integrates additional data, such as employee and financial needs, to support manufacturing processes.

MRP

Material Requirements Planning; a system that calculates the materials and components needed to manufacture a product.

ERP

Enterprise Resource Planning; a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management, and supply chain operations.

POM Planning

Production and Operations Management Planning, involving the organization and coordination of manufacturing, production, and operations processes.