multinational corporation
- multinational corporation
- MNC
At the simplest level, the term MNC refers to a corporation with activities in two or more countries. Alternative definitions include the following:
(i) a corporation with "a worldwide view of production, the sourcing of raw materials and components, and final markets" (Radebaugh and Gray, 1997, 24);
(ii) a corporation producing at least 25 percent of its output outside its country of origin (which may or may not be the country where the MNC is legally based).
To bring coherence to their sprawling operations, and to manage the vast array of *risks they face, many MNCs introduce standardized internal procedures, as far as this is compatible with local laws, regulations, and cultural practices. The risk of contravention of the *Foreign Corrupt Practices Act is a major concern for U.S. MNCs. Factors such as these present unique challenges to MNCs’ internal and external auditors, who often play a key role in the verification of global *controls, *procedures, and risk management programs.
Auditor's dictionary.
2014.
Look at other dictionaries:
Multinational corporation — A multi national corporation (MNC) or enterprise (MNE),[1] is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation. The International… … Wikipedia
Multinational corporation — A firm that operates in more than one country. The New York Times Financial Glossary * * * multinational corporation multinational corporation ➔ corporation * * * multinational corporation UK US noun [C] (ABBREVIATION MNC) … Financial and business terms
multinational corporation — ( MNC) A firm that operates in more than one country. Bloomberg Financial Dictionary * * * multinational corporation multinational corporation ➔ corporation * * * multinational corporation UK US noun [C] (ABBREVIATION MNC) … Financial and business terms
multinational corporation — Any corporation registered and operating in more than one country at a time, usually with its headquarters in a single country. A firm s advantages in establishing itself multinationally include both vertical and horizontal economies of scale… … Universalium
multinational corporation — transnacionalinė korporacija statusas T sritis Politika apibrėžtis Didelio masto verslo įmonė, kurios gamybos ir prekybos gaminių padaliniai įsikūrę daugelyje valstybių. Transnacionalinės korporacijos (TNK) yra labai lanksčios ir gali lengvai… … Politikos mokslų enciklopedinis žodynas
Multinational Corporation — Dieser Artikel wurde auf der Koordinationsseite des WiwiWiki Projekts gelistet um die Bearbeitung effektiver gestalten zu können. Bitte beteilige dich an der Diskussion. Größte Unternehmen der Welt 2005 nach Umsatz … Deutsch Wikipedia
Multinational Corporation - MNC — A corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co ordinate… … Investment dictionary
multinational corporation — A form of capitalist enterprise in which the financial structure, managerial control, and integration of productive activity span national boundaries and are oriented to international (or global) markets . See also industrial integration … Dictionary of sociology
multinational corporation — In a strict sense this term is descriptive of a firm which has centers of operation in many countries in contrast to an international firm which does business in many countries but is based in only one country, though the terms are often used… … Black's law dictionary
multinational corporation — In a strict sense this term is descriptive of a firm which has centers of operation in many countries in contrast to an international firm which does business in many countries but is based in only one country, though the terms are often used… … Black's law dictionary
