A policy of hiring and promoting based on the parent company's home-country frame of reference is
A. a geocentric policy.
B. a regiocentric policy.
C. a polycentric policy.
D. an ethnocentric policy.
Answer: D
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Which of the following accounts is not classified as a selling expense on the income statement?
a. Freight-out expense b. Advertising expense c. Sales salaries expense d. Interest expense
In which of the following cases of assent is the rescission of a contract unenforceable?
A) mutual mistake of value B) misrepresentation of a material fact C) silence as misrepresentation D) innocent misrepresentation
A limited liability company can be taxed as a partnership.
Answer the following statement true (T) or false (F)
Helen is the vice-president of Gotspeed Corporation, a company that designs, manufactures and sells sports shoes. Nestor, an independent entrepreneur, designs a new shoe that helps the user's foot grip the shoe better, and he calls it the Anklator. Nestor's friend schedules an appointment for him to meet Helen and present the Anklator for possible adoption by Gotspeed. Instead of presenting the opportunity to Gotspeed's board of directors, Helen pays Nestor's asking price and purchases the Anklator design for herself. She then quits and forms her own company to manufacture and sell Anklator shoes. Helen has breached her duty of loyalty to Gotspeed Corporation by ________.
A. self-dealing B. usurping a corporate opportunity C. making a secret profit D. competing with the corporation