Exchange rate risk can often be hedged by using currency forward, futures, or options markets
Indicate whether the statement is true or false
TRUE
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Federal rules on health savings accounts and medical savings accounts require that employees who have these accounts also participate in something called a ______.
A. high-deductible health plan B. preferred provider organization C. health maintenance organization D. worker’s compensation plan
Which of the following statements is false?
A) The inventory account is updated after every sale and after every merchandise purchase under the perpetual inventory system. B) The inventory account is updated only at the end of the accounting period under the periodic inventory system. C) A cost of goods sold account is updated after each sale of merchandise under the periodic inventory system. D) A purchases account is used only under the periodic inventory system.
The practice in which companies frequently come out with new models of a product that make existing models obsolete is referred to as ________ ________.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is (are) correct regarding the relationship between an agent and a nondisclosed principal? I. The principal is required to indemnify the agent for any contract entered into by the agent within the scope of the agency agreement. II. The agent has the same actual authority as if the principal had been disclosed
a. I only b. II only c. Both I and II d. Neither I nor II