Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A multinational company (MNC) should not tighten control over its foreign units. Instead, it should give management much operational freedom while still setting performance goals.

A multinational company (MNC) should not tighten control over its foreign units. Instead, it should give management much operational freedom while still setting performance goals. Top management should pay attention to budgets and success measures unrelated to money, like market share, productivity, and public image. Global MNCs need to keep a close eye on their units to cut costs and gain a competitive edge. They should see foreign units as cost centers, income centers, or expense centers instead of investment or profit centers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th edition

470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144

More Books

Students also viewed these Accounting questions

Question

Describe how to distinguish needs from wants.

Answered: 1 week ago

Question

=+b) What could you do to increase the filters power?

Answered: 1 week ago