A Firm with Significant Operations and Marketing Activities Outside Its

question 93

Multiple Choice

A firm with significant operations and marketing activities outside its home country is referred to as a(n) _____.

• A)monopoly
• B)active exporter
• C)multinational corporation
• D)overseas marketer

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Definitions:

Uniform Commercial Code

A comprehensive set of laws that govern commercial transactions in the United States, intended to standardize legislations across states and simplify interstate commerce.

Negotiable Instruments

Financial documents representing a promise to pay a specific amount of money to the bearer on demand or at a future date, such as checks, drafts, and promissory notes.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to a specified person.

Legal Entity

A legal entity is an individual or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.