Which of the following statements is the most accurate? A foreign corporation:
A)Does business in one or more states,but is chartered in another state.
B)Is 50% owned by individuals or companies from another nation.
C)Is headquartered in another nation.
D)Is the same thing as a multinational corporation.

Question

Quizplus · Accepted Answer

A foreign corporation is a company that does business in one or more states of the US, but is chartered in another state or country. B is incorrect as ownership percentage does not determine whether a corporation is foreign or not. C is incorrect as the location of the corporation's headquarters doesn't determine its classification. D is incorrect as multinational corporations may have operations in multiple countries, while a foreign corporation specifically pertains to a company chartered in a different state or country than where it operates.

Which of the Following Statements Is the Most Accurate? a Foreign