Yokio, Ltd., and Zeno, S.A., transact an international sale of goods. At the request of these parties, a court in Portugal resolves a dispute between them. A U.S. court will most likely honor the judgment
a. if it is consistent with U.S. laws and public policy.
b. if it is consistent with Portuguese laws and public policy.
c. if it does not benefit the U.S. to deny it.
d. under no circumstances.
a
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Some start-up investors do not believe a business plan is beneficial in the early stages because
A) it is too easy for anyone to write up a plan. B) most of the information is available on the Internet. C) investors spend too much time reading them. D) there is no need if the product is going to work. E) it is difficult to anticipate circumstances and obstacles that will be encountered.
A culture that focuses on self-improvement and personal achievement is
A) individualist B) linguistic C) collectivist D) optimistic
When a credit sale takes place,
a. revenue account will increase. b. liabilities will increase. c. one asset account will increase and another will decrease. d. assets will be unaffected.
A company is planning to sell 2,000 chairs for the first quarter. Desired ending inventory is 200 chairs and beginning inventory is 300 chairs. How many chairs need to be produced during this quarter?
a. 1,900 b. 2,000 c. 2,100 d. 2,500 e. None of the answers are correct.