In determining why a firm becomes multinational there are many reasons. One reason is that the firm is a market seeker. Which of the following is NOT a reason why market-seeking firms produce in foreign countries?
A) satisfaction of local demand in the foreign country
B) satisfaction of local demand in the domestic markets
C) political safety and small likelihood of government expropriation of assets
D) All of the above are market-seeking activities.
Answer: C
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Which of the following statements regarding merchandise inventory is not true?
A. Merchandise inventory is reported on the balance sheet as a current asset. B. Merchandise inventory may include the costs of freight-in and making them ready for sale. C. Purchasing merchandise inventory is part of the operating cycle for a business. D. Merchandise inventory refers to products a company owns and intends to sell. E. Merchandise inventory appears on the balance sheet of a service company.
The doctrine of imputability does not make the state liable for an act of terrorism committed by its nationals against foreigners
Indicate whether the statement is true or false
The World International Property Organization is an agency of the United Nations
Indicate whether the statement is true or false
When the Statute of Frauds requires that a contract be in writing, how much of a writing is required? Is a complete, written and signed contract necessary? If not, what satisfies the requirement?