« previous next »

Author Question: You are the chief financial officer at an MNE. What are your main responsibilities in this position? ... (Read 192 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
on: Jul 7, 2018
You are the chief financial officer at an MNE. What are your main responsibilities in this position? What taxation issues have a significant effect on the decisions you make?
 
  What will be an ideal response?

Question 2

Being disabled qualifies an individual for a job.
 
  Indicate whether this statement is true or false.
International Business ¦ Daniels, Radebaugh, Sullivan ¦ 16th Edition
Buy Test-Bank


jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 7, 2018
Answer to Question 1

One of the most important people on the management team, crucial to a company's success, is the vice president of finance, also known as the chief financial officer (CFO). The CFO acquires financial resources and allocates them among the company's activities and projects. Acquiring resources means generating funds either internally or from sources external to the company at the lowest possible cost. The CFO's job is more complex in a global environment than in the domestic setting because of forces such as foreign-exchange risk, currency flows and restrictions, different tax rates and laws pertaining to the determination of taxable income, and regulations on access to capital in different markets. Tax planning is a crucial responsibility for the CFO, because taxes can profoundly affect profitability and cash flow. Taxation has a strong impact on several choices made by the CFO, such as location of operations; choice of operating form, such as export or import, licensing agreement, or overseas investment; legal form of the new enterprise, such as branch or subsidiary; possible facilities in tax-haven countries to raise capital and manage cash; method of financing, such as internal or external sourcing and debt or equity; capital budgeting decisions; and method of setting transfer prices.

Answer to Question 2

Answer: FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Structure of cellulose, the main macromolecule of the primary cell wall Structure of cellulose, the main macromolecule of the primary cell wall
Taking off is one of the main times albatrosses use flapping to fly, and is the most energetically d Taking off is one of the main times albatrosses use flapping to fly, and is the most energetically d
This jumping spider's main ocelli (center pair) are very acute. This jumping spider's main ocelli (center pair) are very acute.
The supine position. The supine position.
Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
Two ways of treating blocked coronary arteries, the main cause of heart attacks in older adults. Two ways of treating blocked coronary arteries, the main cause of heart attacks in older adults.
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library