If you have a commitment to pay a friend in Britain 1,000 pounds in 30 days, you could remove the risk of loss due to the appreciation of the pound by
a. buying dollars in the forward market for delivery in 30 days.
b. selling dollars in the forward market for delivery in 30 days.
c. buying the pounds in the forward market for delivery in 30 days.
d. selling the pounds in the forward market for delivery in 30 days.
c. buying the pounds in the forward market for delivery in 30 days.
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Advantages of using historical cost as the basis of valuation of property, plant, and equipment include all of the following except
A) it is representationally faithful. B) gains and losses from holding the asset are recognized in the period of value change. C) cost equals the fair market value at the date of acquisition. D) it is consistent with the valuation of many other assets and liabilities.
To successfully sue for defamation, what must be proven?
A) The language used was purposely abusive. B) The language injures the person's reputation. C) The information was accurate and fact based. D) Anger or malice was the inspiration for the message. E) The message was approved by the company's legal advisors.
Which of the informal elements of ethics are widely accepted organizational standards of behavior within an organization?
A. language B. stories C. norms D. rituals
What is an example of a cultural artifact?
a. The way employees dress b. The basic underlying assumptions of a group c. The organization’s publicized mission d. The size of the organization