Questions: What term describes a business enterprise with its headquarters in one state that invests and operates in multiple other states? Nongovernmental corporation Multinational corporation Limited liability corporation Dual corporation

What term describes a business enterprise with its headquarters in one state that invests and operates in multiple other states? Nongovernmental corporation Multinational corporation Limited liability corporation Dual corporation
Transcript text: What term describes a business enterprise with its headquarters in one state that invests and operates in multiple other states? Nongovernmental corporation Multinational corporation Limited liability corporation Dual corporation
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Solution

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The answer is: Multinational corporation.

Explanation:

  • Multinational corporation: This term describes a business enterprise with its headquarters in one state (or country) that invests and operates in multiple other states (or countries). Multinational corporations have facilities and assets in at least one country other than its home country.

  • Nongovernmental corporation: This term generally refers to organizations that are not part of the government. It does not specifically describe a business operating in multiple states or countries.

  • Limited liability corporation (LLC): This is a business structure in the United States that offers personal liability protection to its owners. It does not inherently imply operations in multiple states or countries.

  • Dual corporation: This term is not commonly used in business terminology to describe a company operating in multiple states or countries. It might refer to a company with dual structures or partnerships, but it is not the correct term for the scenario described.

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