8.8

Question 1

What is a MNC/TNC?

Answer 1

A multinational corporation/transcorporation is a business that produces and sells its products in a number of countries throughout the world.

Question 2

What is the largest MNC by sales that occur outside home countries?

Answer 2

Nestle

Question 3

What is the MNC with the largest annual revenue?

Answer 3

Walmart

Question 4

What are positives of MNC’s?

Answer 4

Brings Money and economic growth into the country
Helps LEDCs to advance
Improves standard of living in LEDC's
Improves infrastructure
Stimulates business

Question 5

What are negatives of MNC’s?

Answer 5

Exploits workers in LEDC's
Profits are transferred out
Only provide menial work for locals
Pollute the local environment
Avoid paying local taxes

Question 6

What is the MNC with the most employees?

Answer 6

Walmart - 2,200,000

Question 7

What responsibilities did the United Nations give to larger MNC’s

Answer 7

Do not use forced or compulsory labour.
Respect the rights of children to be protected from economic exploitation.
Provide a safe and healthy working environment.
Pay workers enough to ensure an adequate standard of living for them and their families.
Recognise the rights of employees to join unions and other collective bargaining organisations.