What type of investment bank works with a specific geographic focus?
A) commercial
B) regional
C) exclusive
D) boutique
E) global
Answer: B
Explanation: Regional investment banks often provide the same scope of services as the global banks, only with a particular geographic focus. For example, several banks specialize in the Japanese market, several specialize in China, and so on.
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The main components that make up the stockholder's equity section of the balance sheet are_________________ and _______________________
Fill in the blank(s) with correct word
A company uses the periodic inventory system and had the following activity during the current monthly period. November 1:Beginning inventory104 Units @ $10November 5:Purchased104 Units @ $26November 8:Purchased54 Units @ $25November 16:Sold142 Units @ $65November 19:Purchased35 Units @ $20Using the weighted-average inventory method, the company's ending inventory would be:
A. $3090 B. $1740 C. $1040 D. $2050 E. $3024
The success of globally dispersed teams is likely to be greater when management has fostered an organizational culture that supports ______.
A. external focus B. diversity C. flexibility over control D. group cohesiveness
Grays Company has inventory of 11 units at a cost of $6 each on August 1. On August 3, it purchased 21 units at $9 each. 13 units are sold on August 6. Using the perpetual FIFO inventory method, what amount will be reported as cost of goods sold for the 13 units that were sold?
A. $123. B. $143. C. $90. D. $88. E. $84.00.