« previous next »

Author Question: You are the chief financial officer at an MNE. What are your main responsibilities in this position? ... (Read 208 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?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

The relationship between the crankshaft position (CKP) sensor and the camshaft position (CMP) sensor ... The relationship between the crankshaft position (CKP) sensor and the camshaft position (CMP) sensor ...
Turn the outlet valve of the canister to the OFF or CLOSED position. Turn the outlet valve of the canister to the OFF or CLOSED position.
Identical Twin Normal Birth Position Identical Twin Normal Birth Position
Deforestation is one of the main sources of greenhouse gas emissions Deforestation is one of the main sources of greenhouse gas emissions
Reverse tailor position Reverse tailor position
Main arteries of the arm Main arteries of the arm
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library