Nepotism can be a problem for an American company in a foreign host country, but fortunately, it is not a problem in the United States

Indicate whether the statement is true or false.


Answer: FALSE
Explanation: Nepotism CAN be a problem in the United States.

Business

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When higher-priced competitors match lower prices of their competitors but have longer staying power because of deeper cash reserves, it leads to a(n) ________ trap

A) low-quality B) fragile-market-share C) price war D) escalator E) shallow-pockets

Business

On December 1, 20X8, Hedge Company entered into a 60-day speculative forward contract to sell 200,000 British pounds (£) at a forward rate of £1 = $1.78. On the same day it purchased a 60-day speculative forward contract to buy 100,000 euros (€) at a forward rate of €1 = $1.42.The rates are as follows:    Forward Rate for   Forward Rate forDateSpot Rate Feb 1 Spot Rate Feb 1December 1, 20X8£1=$1.76  $1.78  €1=$1.40  $1.42 December 31, 20X8£1= 1.73   1.74  €1= 1.38   1.40 February 1, 20X9£1= 1.75      €1= 1.41     Hedge had no other speculation transactions in 20X8 and 20X9. Ignore taxes.Based on the preceding information, what is the net gain or loss on the British pound speculative contract?

A. $6,000 gain B. $10,000 gain C. $8,000 gain D. $3,000 loss

Business

The use of estimates and revision of estimates are uncommon in financial reporting.

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

Business

Use a four-period moving average to determine the forecasted demand for July, August, and September

The following data summarizes the historical demand for a product: Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45

Business