Question: Internal control process for an MNC is important to improve efficiency. which one of the following do not contribute for this process: 1.Ensure that the

Internal control process for an MNC is important to improve efficiency. which one of the following do not contribute for this process:

1.Ensure that the data is accessible and distributed amongst all subsidiaries

2.An MNC should ensure that they borrow money from a country where the interest rate is always the lowest.

3.There is a built in mechanism to correct any unusual inconsistencies in the data

4.Establish a centralized database of information

5.All departments and executives have access to the information they need

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

All the information provided is complete Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative...

Q:

The discussion will focus on management decision-making and control in two companies, American corporation Amazon.com, Inc. and Chinese company Alibaba Group Holding Limited. Decision-making and...

Q:

1. The commonly accepted goal of the MNC is to: a. maximize short-term earnings. b. maximize shareholder wealth. c. minimize risk. d. A and C. e. maximize international sales. 2. With regard to...

Q:

Which of the following is not an internal control process to improve efficiency of a multi-national corporation. Group of answer choices All departments and executives have access to the information...

Q:

ASSESSMENT TASK 1 - STUDENT INFORMATION Assessment Activity 1.For this Activity, you will analyse information and data about JKL Industries (Attachment 1)and develop an organisation development...

Q:

Simulated Business JKL Industries Business and strategic planning FY 2014-2015...................................1 Operational...

Q:

Simulated Business JKL Industries Business and strategic planning FY 2014-2015...................................1 Operational...

Q:

Final Project Peyton Approved Data You will prepare financial statements that will allow you to assess how profitable the business is. Below you will find the data required to make entries in your...

Q:

Final Project Peyton Approved Data You will prepare financial statements that will allow you to assess how profitable the business is. Below you will find the data required to make entries in your...

Q:

Final Project Peyton Approved Data You will prepare financial statements that will allow you to assess how profitable the business is. Below you will find the data required to make entries in your...

Q:

The resulting bar chart shows that when HMK is the AR Clerk and FKL is the Cash Receipts Clerk, CT is the GL Accounting Clerk for $226,851 of current AR balances. However, there are $25,352 of...

Q:

For a Si bar of length 5 mm, doped n-type at 10^15 cm-3, calculate the current density for an applied voltage of 2.5 V across its length. How about for a voltage of 2500 V? The electron and hole...

Q:

In Exercises 10-12, you are given a differential equation. The corresponding slope field has also been drawn. Sketch enough solution curves in the slope field to be able to describe the behavior of...

Q:

1 Using the data in Figure 3.14, design the barcodes for: a 900 340 [3 digits on the left; 3 digits on the right] b 1257 6648 [4 digits on the left: 4 digits on the right] c 05889 02918 [5 digits on...

Q:

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...