International Accounting – A global & Analytical Approach

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International Accounting – A global & Analytical Approach

In this chapter we discuss International Accounting – A global & Analytical Approach


________ is a business arrangement in which one company provides branding, concepts, expertise, and most activities that are needed to operate in a global environment.

licensing

franchisingCorrect

strategic alliance

joint venture

all of the answers apply


Which item does not shape global business activity?

accounting practices

trade policies

tax policies

alliancesCorrect

none of the answers apply


Which of the following can create synergies through strategic alliances?

product development

personnel development

leveraging marketing

enhanced overall strategy

all of the answers applyCorrect


________ is a business arrangement in which one company provides branding, concepts, expertise, and most activities that are needed to operate in a global environment.

licensing

franchisingCorrect

strategic alliance

joint venture

all of the answers apply


Which item does not shape global business activity?

accounting practices

trade policies

tax policies

alliances Correct

none of the answers apply


Which of the following can create synergies through strategic alliances?

product development

personnel development

leveraging marketing

enhanced overall strategy

all of the answers applyCorrect


SSim-Tech simultaneously pursues global efficiency and national responsiveness. What kind of structure/strategy is this?

transnationalCorrect

multi-domestic

market based

global

all of the answers apply


SSim-Tech would like to adopt a strategy that exploits economies of scale and learning. What kind of structure/strategy should they use?

transnational

multi-domestic

market based

globalCorrect

all of the answers apply


SSim-Tech simultaneously pursues global efficiency and national responsiveness. What kind of structure/strategy is this?

transnationalCorrect

multi-domestic

market based

global

all of the answers apply


SSim-Tech would like to adopt a strategy that exploits economies of scale and learning. What kind of structure/strategy should they use?

transnational

multi-domestic

market based

globalCorrect

all of the answers apply


What system had a positive influence on accounting practices

CapitalismCorrect

Socialism

civil law system

code law system

none of the answers apply


Which law defined and allowed for depreciation to be deducted from income?

Fifth

Uniform Accounting by the Federal Reserve

Revenue Act of 1918

Securities Act of 1933

none of the answers applyCorrect


Which law provided for normal and surtax rates that rose to 77 percent on the biggest incomes?

Fifth

Uniform Accounting by the Federal Reserve

Revenue Act of 1918Correct

IRS Revenue Bulletin F 1920

none of the answers apply


Which law defined and allowed for depreciation to be deducted from income?

Fifth

Uniform Accounting by the Federal Reserve

Revenue Act of 1918

Securities Act of 1933

none of the answers applyCorrect


Which law provided for normal and surtax rates that rose to 77 percent on the biggest incomes?

Fifth

Uniform Accounting by the Federal Reserve

Revenue Act of 1918Correct

IRS Revenue Bulletin F 1920

none of the answers apply


Who is generally credited with establishing the double entry method of accounting?

Martin Luther

Napoleon

Christopher Columbus

Luca PacioliCorrect

none of the answers apply


The fundamental issue in this dimension is how a society handles inequalities among people.

Power distanceCorrect

Individualism versus Collectivism

Masculinity versus Femininity

Uncertainty Avoidance

None of the answers apply


Which of the following contains “Society at large is more competitive and more consensus oriented. “

Power distance

Individualism versus Collectivism

Masculinity versus FemininityCorrect

Uncertainty Avoidance

None of the answers apply


One side of this dimension stands for a preference for cooperation, modesty, caring for the weak and quality of life.

Power distance

Individualism versus Collectivism

Masculinity versus FemininityCorrect

Uncertainty Avoidance

None of the answers apply


Louisiana laws were influenced by Napoleonic ________ .

Sharia law

Statute law

Common law

Code lawCorrect

None of the answers apply


Regulations written by government agencies are referred to as:

Administrative lawCorrect

Statutory law

Common law

Civil law

None of the answers apply


In ______ law countries, accounting rules are incorporated into nation laws.

Sharia

Statute

Common

CodeCorrect

None of the answers apply


Which of the following contains “Society at large is more competitive and more consensus oriented. “

Power distance

Individualism versus Collectivism

Masculinity versus FemininityCorrect

Uncertainty Avoidance

None of the answers apply


One side of this dimension stands for a preference for cooperation, modesty, caring for the weak and quality of life.

Power distance

Individualism versus Collectivism

Masculinity versus FemininityCorrect

Uncertainty Avoidance

None of the answers apply


Louisiana laws were influenced by Napoleonic ________ .

Sharia law

Statute law

Common law

Code lawCorrect

None of the answers apply


SSim-Tech, a US corporation has subsidiaries in six foreign countries. When considering taxes the concept that taxes have no effect on resource allocations is referred to as __________ .

tax neutralityCorrect

tax equity

the tax avoidance

tax deferral

none of the answers apply


SSim-Tech, a US corporation has subsidiaries in six foreign countries. When considering taxes the process of taxing transfers between taxpayers is referred to as __________ .

transfer taxCorrect

value added tax

withholding tax

border tax

none of the answers apply


SSim-Tech, a US corporation has subsidiaries in six foreign countries. When considering national tax systems when taxes are levied on the corporation and the individual this is referred to as __________ .

an integrated system

a classical systemCorrect

a tax credit system

a split rate system

none of the answers apply

International Accounting – A global & Analytical Approach


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