BP p$.$l$.$c$.$ is a British multinational oil and gas company headquartered in London, England. It is one of the world's seven oil and gas "supermajors." BP p$.$l$.$c$.$ is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, power generation, and trading. It also has renewable energy interests in biofuels, wind power, smart grid, and solar technology. BP p$.$l$.$c$.$ has operations in roughly $80$ countries worldwide, and approximately $19,000$ service stations worldwide. Which of the following is correct regarding BP p$.$l$.$c$.$ and all other multinational corporations?

They represent a moderate level of involvement in international business.

They are organized under the laws of their home country.

They operate on a worldwide basis while maintaining substantial ties to a specific region or nation.

Their national geographic boundaries significantly limit their operations.