Multinational Corporations Do Not Have the Responsibility nor the Incentive

question 89

True/False

Multinational corporations do not have the responsibility nor the incentive to follow international accounting standards as there still is no particular set of global standards that are generally accepted worldwide.

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Definitions:

Sublet

The act of a tenant renting out their leased premises to another party for a period within the lease term.

Pay Rent

The act of providing a predetermined amount of money, typically monthly, to a landlord in exchange for the right to occupy a property.

Privity of Estate

A legal concept in property law that refers to the relationship or connection between parties whose estates possess rights or obligations that are derivative from the same property.

Privity of Contract

A doctrine in contract law that restricts the rights or duties under a contract to the parties that agreed to it.