8. Domestic versus international firms The corporations of tend to exhibit more concentrated in the portfolios of families, banks, or other large corporations. International firms must effectively manage several additional phenomena and complexities that are not explicitly applicabie to purely domestic companies. Based on your understanding of the differences between purely domestic businesses and international companies, evaluate whether the following statement is true or false: It is reasonabie to assume that the government's objectives and level of involvement in the product and financial markets are the same in all countries. For example, across the entire world, there is only one method and set of rules for financial accounting. The preceding statement is Which of the following are sound business reasons U.S, and foreign companies expand internationally? Check an that appoy. The desire to exploit another country's workforce and environment The desire for the company to sound more important and powerful than would be the case if the company anly operated domestically. The desire to gain access to new scientinc and production technologies The desire to relocate to places where the firm's costs of production will be higher