Which of the Following Scenarios Would Not Be Considered International

question 115

Multiple Choice

Which of the following scenarios would not be considered international business?

• A) A Chinese manufacturer sells toys to a large toy retailer in the United States.
• B) Intel sells its processors to a computer manufacturer in Korea.
• C) A large jewelry store in England purchases its diamonds from DeBeers in South Africa.
• D) A bearing manufacturer in South Carolina sells its parts to a Toyota plant in Kentucky.
• E) French companies purchase crude oil from Saudi Arabia.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of goods sold in a company, including materials and labor.

Selling and Administrative Expenses

The total of all overhead and operational expenses directly tied to the selling and general management of an organization.

Budgeted Purchases

This refers to the estimated amount of goods or services that a business plans to buy over a specific period, as set out in its budget.

Direct Materials Budget

A financial plan that estimates the raw materials necessary for production, considering planned inventory levels and production requirements.