Notren, Inc, a U.S. company, and SWT, a Singapore company, entered into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract states, "Any disputes that arise under this contract will be resolved in the courts of Singapore." This contract term is a
A) letter of credit
B) choice of language clause.
C) choice of forum clause.
D) draft clause.
C
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Which of the following economic characteristics is consistent with a grocery store chain?
a. Low barriers to entry. b. High levels of research and development. c. High profit margins. d. Low capital intensity.
Answer the following statements true (T) or false (F)
1. The research on leadership generally has found it to be a relatively simple process. 2. More than 60 different leadership classification systems have been developed. 3. Leadership occurs in both large and small groups. 4. According to Burns, followers should remember that their leaders are above them and act accordingly. 5. The earliest leadership theories in the 20th century emphasized control and centralization of power.
If the estimated cost driver level is overstated, the
a. predetermined overhead rate will be understated. b. predetermined overhead rate will be overstated. c. product cost will be overstated. d. cost pool will be understated.
Firms are constantly scanning the ________ environment in search of ideas and trends that can spark their own research efforts. Sometimes an idea can transform an industry, such as transistors revolutionizing the field of consumer electronics
A) political and legal B) sociocultural C) economic D) technological E) natural