Which of the Following Is Responsible for the Ability of Foreign

question 78

Multiple Choice

Which of the following is responsible for the ability of foreign companies to compete with domestic companies in the global marketplace?

• A)Globalization
• B)The Sarbanes-Oxley Act of 2002
• C)Decreased barriers to international trade
• D)International financial reporting standards

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Definitions:

Cooperate

The act of working together willingly toward a common goal or purpose, especially in a business or legal context.

Compensate

To provide something, typically money, in recognition of loss, suffering, or injury incurred; recompensation.

S Corporation

A form of corporation that meets specific Internal Revenue Code requirements, allowing income to be passed through to shareholders and taxed at individual rates.

Shareholders

People or organizations holding stock in a corporation, granting them specific rights and stakes in the business.