The Increased Ability of Multinational Corporations to Move Freely Across

question 21

Multiple Choice

The increased ability of multinational corporations to move freely across borders and set up a business just about anywhere reflects the title:

• A)Borderless Corporations
• B)Multicultural Corporations
• C)Globalization
• D)Humanitarian Aid Corporations

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Definitions:

Accounts Payable

Liabilities to creditors for goods, supplies, or services purchased on credit but not yet paid.

Subsidiary Ledgers

Detailed ledgers that break down and provide supporting information for accounts listed in the general ledger.

Subsidiary Posting

A detailed entry process in accounting that involves recording transactions in subsidiary ledgers for a more comprehensive financial tracking.

General Ledger

A comprehensive record of all financial transactions over the life of a company, used to compile financial statements.