The Foreign Sovereign Immunities Act specifically provides that a foreign state shall be immune from neither federal nor state court jurisdiction if the suit is based on which of the following?

a. A commercial activity conducted in the United States by the foreign state.
b. An act that the foreign state performed in the United States in connection with a commercial activity it carried on elsewhere.
c. A commercial activity performed outside U.S. borders that directly affects the U.S.
d. All of these.


d

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The closing stock price of MNM Corporation for the last 7 trading days is shown below. Day Stock Price 1 24 2 27 3 24 4 28 5 25 6 30 7 31 ? The mean is

A. 24. B. 25. C. 26. D. 27.

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Why do accounting standards require a company to separately disclose income taxes paid and interest paid if it uses the indirect method?

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Outside marketing research companies hired to supply marketing research data are called ________

A) horizontal suppliers B) vertical suppliers C) external suppliers D) internal suppliers E) full-service suppliers

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Which of the following is/are not true regarding a manufacturing firm?

a. A manufacturing firm incurs costs as it produces goods by changing the physical form of raw materials. b. The product costs for a manufacturing firm are the costs incurred in manufacturing goods for sale. c. The costs to produce finished goods inventory for a manufacturing firm do not become expenses until the firm sells the product. d. Prior to sale, the production costs of a a manufacturing firm represent the transformation of assets from one form into another. e. Product costs for a manufacturing firm are treated as period costs during the period that the inventory is finished and ready for sale.

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