Global Capital Management2024-02-14Dividends2024-02-14 Report a question What's wrong with this question? You cannot submit an empty report. Please add some details. 12345678910 Transfer Pricing Advanced Business English practice 10 multiple-choice questions If you log in, you will get the results via email. Category: business-advanced 1. When one part of a multinational organisation in one country transfers (that is, .......... ) goods, services or know- how to another part in another country, the price charged for these goods or services is called 'transfer price'. sells gives ships relocates Category: business-advanced 2. According to Manfred Davidmann, this may be a purely .......... figure, meaning by this that it may be unrelated to costs incurred, to operations carried out, or to added value. ambiguous arbitrated ambiguated arbitrary Category: business-advanced 3. In other words, it is possible for a multinational company to minimise its .......... for corporation tax by transfer pricing. culpability eligibility opportunity liability Category: business-advanced 4. This is done without any change to procedures, operations or added value; it is done by merely changing book entries documents accounts values Category: business-advanced 5. This tax .......... is legal until governments legislate to prevent this practice. adjustment avoidance evasion emancipation Category: business-advanced 6. If a multinational has increased its profits by this method, then the government, whose expenses have not changed, must make up this .......... elsewhere. debt windfall defect shortfall Category: business-advanced 7. Its citizens pay more tax, the government can spend the same amount as before, and the multinational's profits have increased: in other words, the multinational's increased profits arise from money which is in .......... collected by the government from its taxpayers. result effect fact detail Category: business-advanced 8. This is a matter far .......... from earning reasonable profits on needed quality goods and services at reasonable prices in open competition with other corporations. away enough removed cry Category: business-advanced 9. It seems that at times some top US companies pay no federal income tax at all or obtain an overall .......... return benefit rebate debit Category: business-advanced 10. Multinationals need to be made accountable to elected representatives of the people, for their policies and for acting for or against the national .......... government legislation interest betterment Your score is The average score is 0% LinkedIn Facebook Twitter Restart quiz Share0