Which of the following is not true regarding transnational corporations?
A) They employ more than 78 million people.
B) They account for approximately 50 percent of total global output.
C) They account for approximately two-thirds of world trade.
D) They have approximately 810,000 foreign affiliates.
E) The sales of their foreign affiliates have grown about 700 percent in the past 20 years.

Question

Quizplus · Accepted Answer

UNCTAD, the United Nations agency in charge of all matters relating to FDI and international corporations, estimates there are 82,000 transnational corporations with international production activities. These transnationals have approximately 810,000 foreign affiliates that collectively employ more than 78 million people. These transnationals account for approximately 25 percent of total global output (not 50 percent) and two-thirds of world trade. Foreign affiliates' sales have grown about 700 percent in the past 20 years.

Which of the Following Is Not True Regarding Transnational Corporations