Which of the following statements about multinational firms is NOT true?

A multinational corporation is a business firm that operates in more than one country but is headquartered or based in its home country.

Multinational corporations are owned by domestic stockholders only.

Multinational corporations may purchase raw materials from one country, obtain financing from a capital market in another country, and produce finished goods with labor and capital equipment from a third country.

Multinational corporations may be owned by foreign stockholders.