Companies Go Global to

question 63

Multiple Choice

Companies go global to

• A) take advantage of favorable costs.
• B) to keep abreast of trends and access new technologies.
• C) to build reliable sources of supply.
• D) All of these answer choices are correct.

---

Definitions:

Debits

Entries made on the left-hand side of an account record in double-entry bookkeeping, indicating increases in assets or expense accounts, or decreases in liabilities, equity, or revenue accounts.

Account Balance

The amount of money present in a financial account at any given moment, which can be positive (credits) or negative (debits).

Chart of Accounts

An organized list of all the accounts in a company's general ledger, used for recording and reporting financial transactions.

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the ledger.