Final answer:
The statement is False. The first multinational corporations were actually not located in Egypt, but in Europe during the age of imperialism.The statement is False.
Step-by-step explanation:
The statement is False.
The first multinational corporations were actually not located in Egypt, but in Europe during the age of imperialism. The British East India Company and the Hudson's Bay Company are examples of early multinational corporations that had a significant impact on global trade and colonization.
The concept of multinational corporations refers to businesses that operate in more than one country, with branches and operations spread across different nations. While Egypt may have had some international trade and economic activities, it did not have the first multinational corporations.