(Global operations) The 2000 annual report of Nestle (headquartered in Switzerland) was slightly nontraditional in that the annual financial state¬ ments and management report were in English and French. International Fi¬ nancial Reporting Standards were used to prepare the financial statements.

a. Discuss the costs and benefits of a Swiss-based company taking the time to provide such translations into English and French.

b. What additional information would you want to have to assess how transactions and activities are related to Nestle’s strategic plans?

LO1.