Refer to the Scenario Below to Answer the Following Questions

question 143

Multiple Choice

Refer to the scenario below to answer the following questions.
The European Expansion (Scenario)
As a manager at a growing Canadian company, Samantha has been asked to develop a strategy to expand the company's operations into the European market. Although the company president has provided some basic guidelines about acceptable levels of risk and investment, there are still many factors in the legal-political, economic, and cultural environments that Samantha must take into consideration in her proposal.
-As part of the expansion plan, Samantha will recommend establishing a subsidiary in Germany. Overall, this is the __________ international expansion strategy.

• A) cheapest
• B) most common
• C) safest
• D) riskiest
• E) quickest

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Definitions:

Cash Received

The amount of money taken in by a business during a particular period, including transactions in cash and equivalents.

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used for most general and financial purposes.

Fiscal Year

A 12-month period that a company or government uses for accounting purposes and preparing financial statements.

Cash Basis

An accounting method where revenues and expenses are recorded when they are actually received or paid, not when they are incurred.