According to the deferral rule in the U.S. tax code, a U.S. ...

[beccaep]

According to the deferral rule in the U.S. tax code, a U.S. parent corporation must include the earnings of its foreign subsidiaries when calculating taxable income.
 
  Indicate whether the statement is true or false

Question 2

As an international business manager, how can you benefit from an understanding of international trade theories?
 
  What will be an ideal response?

[pratush dev]

Answer to Question 1

FALSE

Answer to Question 2

Trade policies have an impact on business because they affect which countries can produce given products more efficiently and whether countries will permit imports to compete against their domestically produced goods and services. In turn, a country's policies influence which products companies might export to given countries, as well as what and where companies can produce in order to sell in the given countries.