Types of Branches: Local And Foreign - SS3 Accounting Past Questions and Answers - page 1
What is a local branch?
A branch located in a different country than the parent company
A branch located in the same country as the parent company
A branch located in a different city than the parent company
A branch located in a different state than the parent company
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What is a foreign branch?
A branch located in a different city than the parent company
A branch located in the same country as the parent company
A branch located in a different state than the parent company
A branch located in a different country than the parent company
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What is the purpose of a local branch?
To expand the business to new local markets or areas
To expand the business to new international markets or areas
To decrease the revenue of the parent company
To reduce the customer base of the parent company
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What is the purpose of a foreign branch?
To reduce the customer base of the parent company
To decrease the revenue of the parent company
To expand the business to new local markets or areas
To expand the business to new international markets or areas
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What is the main difference between local and foreign branches?
Their purpose
The laws and regulations they must follow
The management structure they operate under
Their location
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What are some of the advantages of establishing a foreign branch for a business?
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How does the location of a local branch affect its operations?
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