MNCs & TNCs

What does the acronym MNC stand for?

• Multinational Corporation

• Monetary National Corporation

• Multiple Nations Conglomerate

• Mildly Nefarious Clowns

What does the acronym TNC stand for?

• Trade and Negotiation Corporation

• Territorial National Corporation

• Transnational Corporation

• Tiny Ninja Corporation

What is the key difference between a Multinational Corporation (MNC) and a Transnational Corporation (TNC)?

• TNCs only operate in two countries, whereas MNCs operate in many.

• MNCs have a centralized headquarters in one country, while TNCs have a more decentralized structure.

• MNCs are government-owned, while TNCs are private businesses.

• TNC stands for Tiny Ninja Corporation but MNC stands for Mildly Nefarious Clowns.

Why do companies become multinational or transnational?

• Because Ninjas and Clowns love traveling.

• To compete in international sports tournaments.

• Because they want to help every country become rich.

• To increase profits, access new markets, and lower production costs.

What is one major benefit MNCs and TNCs bring to host countries?

• They always share their profits equally with local Clowns and Ninjas.

• They create jobs and invest in local infrastructure.

• They provide free education for their worker’s family.

• They replace local governments and set new laws.

Why do some people criticize MNCs and TNCs?

• They exploit workers, damage the environment, and avoid paying taxes.

• They refuse to sell products in other countries.

• They only hire Clowns and Ninjas and don’t create real jobs.

• They force employees to wear ties to work.

How do MNCs and TNCs sometimes avoid paying high taxes?

• By donating all their profits to charity.

• By moving profits to countries with lower tax rates.

• By paying extra taxes to support local Clowns.

• By asking their employees to pay taxes for them.

What is a common challenge local businesses face when MNCs and TNCs enter a country?

• MNCs and TNCs always help small businesses become more successful.

• They are threatened and intimidated by tiny ninjas

• MNCs force local businesses to sell only their products.

• They struggle to compete because MNCs and TNCs have more money and resources.

What is one way governments try to regulate MNCs and TNCs?

• By setting labor laws, taxes, and environmental regulations to control their operations.

• By banning them from doing business in certain cities.

• By giving them extra tax and specific requirements.

• By giving them complete freedom to operate however they want.

What impact do MNCs and TNCs have on local cultures?

• They often lead to cultural homogenization and loss of local identity.

• They have no effect on local cultures whatsoever.

• They completely erase local cultures and traditions.

• They promote local cultures by hiring local artists.