SSIM-Tech & Global Business Environment – Accounting
These chapters discuss SSIM-Tech & Global Business Environment – Analytical approach to International Accounting.
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
The _______ Amendment to the U.S. Constitution, began in 1909 as a joint resolution, was ratified in 1913, and allows Congress to levy a tax on income from any source without apportioning it among the states and without regard to the census. The 1913 income tax applied to all citizens of the United States, including those living abroad. Moreover, the tax was levied on “the entire net income arising or accruing from all sources,” including income from foreign sources.
Fifth
Sixteenth – Correct
Seventeenth
Third
none of the answers apply
One side of this dimension represents a preference in society for achievement, heroism, assertiveness and material rewards for success.
Power distance
Individualism versus Collectivism
Masculinity versus Femininity – Correct
Uncertainty Avoidance
None of the answers apply
What system had a positive influence on accounting practices
Capitalism – Correct
Socialism
civil law system
code law system
none of the answers apply
The _______ Amendment to the U.S. Constitution, began in 1909 as a joint resolution, was ratified in 1913, and allows Congress to levy a tax on income from any source without apportioning it among the states and without regard to the census. The 1913 income tax applied to all citizens of the United States, including those living abroad. Moreover, the tax was levied on “the entire net income arising or accruing from all sources,” including income from foreign sources.
Fifth
Sixteenth – Correct
Seventeenth
Third
none of the answers apply
One side of this dimension represents a preference in society for achievement, heroism, assertiveness and material rewards for success.
Power distance
Individualism versus Collectivism
Masculinity versus Femininity – Correct
Uncertainty Avoidance
None of the answers apply
________ 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 is not a dimension identified by Hofstede?
Power distance
Individualism versus Collectivism
Masculinity versus Femininity
Uncertainty Avoidance
None of the answers apply – Correct
Islam’s legal system is ______ law.
Sharia – Correct
Statute
Common
Roman law
None of the answers apply
Law written by Congress or a country’s elected or appointed representatives is referred to as:
Administrative law
Statutory law – Correct
Common law
Civil law
None of the answers apply
SSim-Tech, a US corporation has subsidiaries in six foreign countries. When considering national tax systems when earnings are not exempted from taxation for the income of resident corporations generated outside their borders this is referred to as __________ .
territorial system
a classical system
world-wide system – Correct
a split rate system
none of the answers apply
SSim-Tech, a US corporation has subsidiaries in six foreign countries and is attempting to limit overall tax expenses by manipulating transfer prices. SSim-Tech has net income of $2 million and is in a 35% tax jurisdiction in the US and incurred a tax liability of $700 thousand. I also has a wholly owned subsidiary in a country with a 5% tax rate. SSim-Tech intends to arrange for the foreign subsidiary to own its intellectual property and charge SSim-Tech $1.5 million in royalty fees. What tax was introduced to reduce this type of activity.
Global Intangible Low Tax Income – Correct
Transfer Tax on Income
Border Tax on Income
Value Added Tax on Income
none of these answers apply
SSIM-Tech & Global Business Environment
Law written by Congress or a country’s elected or appointed representatives is referred to as:
Administrative law
Statutory law – Correct
Common law
Civil law
None of the answers apply
SSim-Tech, a US corporation has subsidiaries in six foreign countries. When considering national tax systems when earnings are not exempted from taxation for the income of resident corporations generated outside their borders this is referred to as __________ .
territorial system
a classical system
world-wide system – Correct
a split rate system
none of the answers apply
SSim-Tech, a US corporation has subsidiaries in six foreign countries and is attempting to limit overall tax expenses by manipulating transfer prices. SSim-Tech has net income of $2 million and is in a 35% tax jurisdiction in the US and incurred a tax liability of $700 thousand. I also has a wholly owned subsidiary in a country with a 5% tax rate. SSim-Tech intends to arrange for the foreign subsidiary to own its intellectual property and charge SSim-Tech $1.5 million in royalty fees. What tax was introduced to reduce this type of activity.
Global Intangible Low Tax Income – Correct
Transfer Tax on Income
Border Tax on Income
Value Added Tax on Income
none of these answers apply
________ 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
________ 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
________ is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
licensing
franchising
strategic alliance
joint venture – Correct
all of the answers apply
Foreign Direct investment is important because it
assists host countries in developing local enterprises
promotes international trade
facilitates transfer of technologies
provides stable long last links between economies
all of the answers apply – Correct