Countries with the largest populations are

A. the U.S. and Mexico.
B. Africa.
C. European Union countries (28 member nations).
D. Southeast Asia, including Indonesia.
E. China and India.


Answer: E

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The cost-plus transfer price is the sum of the costs incurred by the producing division plus an agreed-upon profit percentage

Indicate whether the statement is true or false

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Answer the following statements true (T) or false (F)

1) The payback method considers cash flows that occur both during and after the payback period. 2) The payback method is used only when the net cash inflows from a capital investment are the same for each period. 3) Managers generally use payback as the sole method for deciding whether to invest in an asset. 4) The payback method uses discounted cash flows to make investment decisions. 5) Both the payback and the accounting rate of return methods focus on cash flows that an asset generates.

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Rocky and Slim enter into a contract for a sale of five rowboats. Circumstances make it difficult for Rocky to perform, and the contract is breached. Slim looks for remedies. Unlike the common law, under the UCC, remedies are

A. cumulative. B. exclusive. C. limited. D. unlimited.

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Chang works as a materials scientist for a paint manufacturer. He has developed a material that does not work well in paint, but it could have applications as a deck sealant. Chang has been made the team lead for a group of scientists tasked with determining some marketable uses for the new material. The group could be referred to as

A. bootleggers. B. a spin-off. C. horse traders. D. a skunkworks. E. delegates.

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