Which of the following is responsible for the ability of foreign companies to compete with domestic companies in the global marketplace?
A)Globalization
B)The Sarbanes-Oxley Act of 2002
C)Decreased barriers to international trade
D)International financial reporting standards

Question

Quizplus · Accepted Answer

Decreased barriers to international trade have opened up new markets for foreign companies and increased competition in the global marketplace, allowing them to compete with domestic companies. Globalization, the Sarbanes-Oxley Act of 2002, and international financial reporting standards may have indirect impacts on this ability, but they are not direct causes.

Which of the Following Is Responsible for the Ability of Foreign