Assertion (A): Multinational Companies are corporate entities that conduct business in multiple nations.

Reason (R): Foreign investment is money invested by an MNC.

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Both (A) and (R) are true and (R) is the correct explanation of (A).

Both (A) and (R) are true but (R) is not the correct explanation of (A).

(A) is correct but (R) is wrong

(A) is wrong but (R) is correct

answer is A.

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Detailed Solution

Both (A) and (R) are true and (R) is the correct explanation of (A).
Multinational Corporations or Multinational Companies are corporate entities that conduct business in multiple nations besides their own.
Foreign investment is money invested by an MNC. These businesses are also referred to as global enterprises because they are international in scope. The parent company oversees and manages the activities on a global scale. MNCs sell their goods and services in many nations, necessitating global management.

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