A/An ________ would be an example of a location-specific advantage for an MNE
A) patent
B) economy of scale
C) unique source of raw materials
D) possession of proprietary information
Answer: C
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During which of the following phases of the audit are analytical review procedures required by the auditing standards?
a. The planning phase of the audit. b. The final review phase of the audit. c. Both the planning and final review phases of the audit. d. Performance of tests of controls.
Plumeria Inc has recently calculated the accounts receivable turnover for the current year to be 15. In prior years, the same ratio was always higher. Which of the following statements would be the best interpretation for the reason for the ratio's change?
A) The company had less cash sales in the current year than in prior years. B) The company had more sales in the current year than in prior years. C) The company had fewer accounts receivables in the current year than in prior years. D) The company took longer to collect on their accounts receivables in the current year than in prior years.
Which of the following is not true for discrete random variables?
A) The expected value is the weighted average of the values. B) They can assume only a countable number of values. C) The probability of each value of the random variable must be 0. D) The probability values always sum up to 1. E) A binomial random variable is considered discrete.
The present value of a cash flow will never be greater than the future dollar amount of the cash flow.
Answer the following statement true (T) or false (F)