Types of Branches: Local And Foreign - SS3 Accounting Past Questions and Answers - page 1
1
What is a local branch?
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A
A branch located in a different country than the parent company
B
A branch located in the same country as the parent company
C
A branch located in a different city than the parent company
D
A branch located in a different state than the parent company
2
What is a foreign branch?
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A
A branch located in a different city than the parent company
B
A branch located in the same country as the parent company
C
A branch located in a different state than the parent company
D
A branch located in a different country than the parent company
3
What is the purpose of a local branch?
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A
To expand the business to new local markets or areas
B
To expand the business to new international markets or areas
C
To decrease the revenue of the parent company
D
To reduce the customer base of the parent company
4
What is the purpose of a foreign branch?
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A
To reduce the customer base of the parent company
B
To decrease the revenue of the parent company
C
To expand the business to new local markets or areas
D
To expand the business to new international markets or areas
5
What is the main difference between local and foreign branches?
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A
Their purpose
B
The laws and regulations they must follow
C
The management structure they operate under
D
Their location
6
What are some of the advantages of establishing a foreign branch for a business?
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7
How does the location of a local branch affect its operations?
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