_____ Advantages Refer to the Mode of Entry Abroad

question 31

Multiple Choice

_____ advantages refer to the mode of entry abroad.

• A) Ownership,or firm specific
• B) Locational,or country-specific
• C) Internalization
• D) Externalized
• E) Environmental

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Definitions:

Internal Control

Processes and practices implemented to safeguard a company's assets, ensure financial reporting accuracy, and comply with regulations.

Customer's Ledger

A detailed record keeping of all transactions between a business and its customers, often part of the accounts receivable.

General Ledger

A comprehensive set of accounts that records all financial transactions of a business, used to prepare financial statements.

Accounts Receivable

Funds due to a company from its clients for goods or services rendered but payment has not been received yet.