11. The three major types of taxes faced by MNCs around the globe are: A. Withdrawing, Sales and Value Added Taxes 2 B. Withholding, Value Added and Income C. Withdrawing, Withholding, and Transactions D. Income, Withdrawing and Territorial E. Worldwide, Income, and Sales 12. The MNC's ability to engage in such practices as transfer pricing is an argument offered by the proponents of: a. Appropriability Theory b. Product Life Cycle Theory c. Diversification Theory d. Eclectic Theory e. Extended Pricing Theory 13. A company whose products are associated with appropriability is more likely to become a multinational than a company whose products are associated with appropriability. a. medium; low b. low; high c. high; low d. high; medium e. maximum; minimum 14. Level I ADRs: A. Must comply with US GAAP B. Must comply disclosure requirements established by the SEC C. Are traded on the US OTC markets D. Are sold in Public Offering, but do not have to comply with US GAAP E. Generate the most interest among US investors because of their ability to raise capital 15. Level II ADRs: A. Do not have to comply with US GAAP, but must register with the SEC B. Must register with the SEC, but do not have to comply with US GAAP C. Can register for Public Offering at the time of listing D. Are listed on a US exchange, including NASDAQ E. None of the Above