Refer to Figure 4.1 in the text. Which method of international expansion is likely to hold the highest risk and investment for the organization?
What will be an ideal response?
Answer: Wholly owned subsidiaries
Business
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Which of the following is a major cause for lowering the trade barriers of markets and production?
What will be an ideal response?
Business
A petty cash fund was established with a $575 balance
It currently has cash of $45 and petty cash tickets as shown below: Travel expense $100 Office supplies expense 300 Equipment rental expense 110 Which of the following would be included in the journal entry to replenish the Petty Cash fund? A) debit to Cash Short & Over for $20 B) credit to Cash Short & Over for $20 C) debit to Petty Cash for $20 D) credit to Petty Cash for $20
Business