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
franchising – Correct
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 apply – Correct
________ 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
franchising – Correct
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 apply – Correct
SSim-Tech simultaneously pursues global efficiency and national responsiveness. What kind of structure/strategy is this?
transnational – Correct
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
global – Correct
all of the answers apply
SSim-Tech simultaneously pursues global efficiency and national responsiveness. What kind of structure/strategy is this?
transnational – Correct
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
global – Correct
all of the answers apply
What system had a positive influence on accounting practices
Capitalism – Correct
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 apply – Correct
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 1918 – Correct
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 apply – Correct
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 1918 – Correct
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 Pacioli – Correct
none of the answers apply
The fundamental issue in this dimension is how a society handles inequalities among people.
Power distance – Correct
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 Femininity – Correct
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 Femininity – Correct
Uncertainty Avoidance
None of the answers apply
Louisiana laws were influenced by Napoleonic ________ .
Sharia law
Statute law
Common law
Code law – Correct
None of the answers apply
Regulations written by government agencies are referred to as:
Administrative law – Correct
Statutory law
Common law
Civil law
None of the answers apply
In ______ law countries, accounting rules are incorporated into nation laws.
Sharia
Statute
Common
Code – Correct
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 Femininity – Correct
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 Femininity – Correct
Uncertainty Avoidance
None of the answers apply
Louisiana laws were influenced by Napoleonic ________ .
Sharia law
Statute law
Common law
Code law – Correct
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 neutrality – Correct
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 tax – Correct
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 system – Correct
a tax credit system
a split rate system
none of the answers apply
International Accounting – A global & Analytical Approach